Clean Energy Project Revenue Bond — $1.524B green bond prepaying 854.5 MW of solar+storage capacity across three PPAs in Southern California
Largest renewable energy prepayment financing in history at time of issuance. 30-year tax-exempt municipal bond rated A1 by Moody's. Expected $93M savings over initial 8 years. Won Bond Buyer ESG/Green Financing Deal of the Year 2024.
$1.52B
Deal Value
855MW
Capacity
Solar + Storage
Technology
CA
Location
Deal Details
- Deal Type
- Corporate Debt & Capital Markets
- Seller / Sponsor
- Clean Power Alliance
- Buyer / Financier
- Goldman Sachs (underwriter)
- Deal Value
- $1.524B
- Stage
- Operating / Construction
- ISO/RTO
- CAISO
- Source
- GlobeNewswire
Capital Structure
$1.52B
Total transaction value
Tranches
- Tax-Exempt Revenue Bond · California Community Choice Financing Authority (issuer); Goldman Sachs (underwriter)
- $1.52B
Service Providers
Advisory & Legal
- bondCounsel
- Chapman and Cutler
Finance Counterparties
Lenders & Capital Providers
- underwriter
- Goldman Sachs
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