Serrano — 220 MWdc solar + 214 MWac / 855 MWh storage, Pinal and Pima Counties, Arizona
CIBC and SocGen as lead arrangers, with ANZ, PNC, Commerzbank, US Bancorp Impact Finance. Athene (Apollo affiliate) as tax equity investor. First project to use First Solar Series 7 domestically manufactured panels. COD mid-2025.
220MW
Capacity
855MWh
Storage
Hybrid
Technology
AZ
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Longroad Energy
- Buyer / Financier
- CIBC (lead), Societe Generale
- Offtaker
- Arizona Public Service (APS)
- Deal Value
- Undisclosed
- Stage
- Construction
- ISO/RTO
- Western
- Source
- Longroad Energy
Finance Counterparties
Lenders & Capital Providers
- leadArrangers
- CIBC, Societe Generale
- lenders
- ANZ, PNC, Commerzbank, US Bancorp Impact Finance
- taxEquityInvestor
- Athene (Apollo)
Related Deals
Sun Pond — 111 MWdc solar + 85 MWac / 340 MWh storage, Maricopa County, Arizona
Longroad Energy → City of San Jose, Ava Community Energy
111 MW
1000 Mile Solar — 400 MWdc, financial close achieved
Longroad Energy
400 MW
Sun Pond Solar + BESS — 111 MWdc / 85 MWac solar + 340 MWh battery storage, Maricopa County, AZ
Longroad Energy → Sprouts Farmers Market
111 MW
Snowflake A — 600 MW solar + 1,900 MWh BESS, Navajo County, AZ
Enlight Renewable Energy (ClÄ“nera) → Wells Fargo, BNP Paribas, Natixis, Nord/LB, Crédit Agricole, MUFG
$1.44B
Maricopa Energy Center — 550 MW solar + 2,200 MWh BESS in Arizona (largest renewable + storage facility in AZ)
Copia Power → BNP Paribas, CIBC, Credit Agricole CIB, KeyBanc Capital Markets, Natixis CIB, Wells Fargo, CoBank
$1.71B
SunZia Wind (3,515 MW) + SunZia Transmission (550-mile HVDC, 3,000 MW capacity) — largest clean energy infrastructure project in US history
Pattern Energy Group → Multiple (consortium)
$11B
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.