FinancingClosedJanuary 27, 2025

Cider Solar — 674 MWdc / 500 MWac utility-scale solar, Genesee County, New York (largest solar project in NY State)

Aggregate $950M: $869M construction-to-term loan + tax equity bridge + LCs (6 CLAs) + $81M development loan from Voya IM. Acquired from Hecate Energy. Includes agrivoltaics plan. Named 2024 North American Solar Deal of the Year by Proximo Infra.

$950M

Deal Value

500MW

Capacity

Solar

Technology

NY

Location

Deal Details

Deal Type
Project Finance
Seller / Sponsor
Greenbacker Renewable Energy
Buyer / Financier
MUFG, KeyBanc, ING, Intesa Sanpaolo, SocGen, Wells Fargo
Deal Value
$950M
Stage
Construction
ISO/RTO
NYISO

Finance Counterparties

Lenders & Capital Providers

leadArrangers
MUFG, KeyBanc, ING, Intesa Sanpaolo, Societe Generale, Wells Fargo
developmentLender
Voya Investment Management

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