Desert Bloom 600 MWh BESS + Papago Solar 150 MWac — Pinal County, Arizona
Combined construction + tax equity financing across Recurrent's Arizona projects. NORD/LB, MUFG, CoBank, Siemens Financial Services as construction lenders; Wells Fargo as tax equity provider. PPAs with Arizona Public Service.
$825M
Deal Value
150MW
Capacity
600MWh
Storage
Solar + Storage
Technology
AZ
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Recurrent Energy (Canadian Solar)
- Buyer / Financier
- NORD/LB, MUFG, CoBank, Siemens Financial Services (construction); Wells Fargo (tax equity)
- Deal Value
- $825M
- Stage
- Construction
- ISO/RTO
- Western
- Source
- Energy Storage News
Finance Counterparties
Lenders & Capital Providers
- constructionDebtArrangers
- NORD/LBMUFGCoBankSiemens Financial Services
- taxEquityProviders
- Wells Fargo
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