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FinancingClosedNovember 3, 2025

Quail Ranch — 128 MWac/166 MWdc solar + 416 MWh storage in Curry County, NM

Wells Fargo tax equity — $131M at COD scaling to ~$150M with pay-go.

$150M

Deal Value

128MW

Capacity

416MWh

Storage

Solar + Storage

Technology

NM

Location

Deal Details

Deal Type
Tax Equity & Tax Credits
Buyer / Financier
Wells Fargo Bank N.A.
Deal Value
$150M
Stage
Construction
ISO/RTO
WECC

Finance Counterparties

Lenders & Capital Providers

taxEquityProvider
Wells Fargo

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