FinancingClosedMarch 18, 2025

Tibbits BESS (Michigan) + Tidwell Prairie BESS (Texas) — 300 MW / 800 MWh total, two standalone BESS

Construction loans, tax equity bridge loans, LC facility. Tibbits: Michigan's first utility-scale BESS under 20-year PPA with Consumers Energy. Tidwell Prairie: long-term tolling agreement. COD expected 2025. Jupiter backed by BlackRock Diversified Infrastructure; developing ~12 GW pipeline.

$286M

Deal Value

300MW

Capacity

800MWh

Storage

BESS

Technology

MI, TX

Location

Deal Details

Deal Type
Project Finance
Seller / Sponsor
Jupiter Power (BlackRock)
Buyer / Financier
Barclays Bank PLC, HSBC Bank USA
Offtaker
Consumers Energy (Tibbits — 20-year PPA), Undisclosed (Tidwell Prairie — long-term tolling)
Deal Value
$286M
Stage
Construction
ISO/RTO
MISO, ERCOT

Service Providers

Advisory & Legal

borrowerCounsel
Simpson Thacher & Bartlett LLP
Lender Counsel
Latham & Watkins LLP

Finance Counterparties

Lenders & Capital Providers

coordinatingLeadArrangers
Barclays Bank PLCHSBC Bank USA

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