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FinancingClosedPress / newsFebruary 15, 2026

Atlas VIII BESS (382.4 MW / 1,529.6 MWh) — Arizona

TransGrid $515M BESS tax capital ($165M tax equity + $350M ITC transfer). CRC-IB as FA.

$515M

Deal Value

382MW

Capacity

1,530MWh

Storage

BESS

Technology

AZ

Location

Project: Atlas VIII BESS (382.4 MW / 1,529.6 MWh)Asset profile →

Deal Details

Deal Type
Tax Equity & Tax Credits
Seller / Sponsor
TransGrid Energy
Buyer / Financier
Multiple
Deal Value
$515M
Stage
Unknown
ISO/RTO
WECC

Capital Structure

$1.20B

Total transaction value

Debt$656M56%
Tax Equity$515M44%

Tranches

Debt Financing
$656M
Hybrid Tax Equity · Major US financial institution (unnamed)
$165M
Tax Credit (ITC) Transfer · Three tax credit purchasers (unnamed)
$350M

Service Providers

Advisory & Legal

Financial Advisor
CRC-IB

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