Gunnar Reliability Project — 150 MW / 300 MWh BESS in Hidalgo County, Texas
$120M financing package including construction loan, tax equity bridge, and letters of credit. GridStor is backed by Goldman Sachs Asset Management. BESS will provide reliability services in ERCOT.
$120M
Deal Value
150MW
Capacity
300MWh
Storage
BESS
Technology
TX
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- GridStor
- Buyer / Financier
- NORD/LB, Siemens Financial Services
- Deal Value
- $120M
- Stage
- Under Construction
- ISO/RTO
- ERCOT
- Source
- BusinessWire
Capital Structure
$120M
Total transaction value
Tranches
- Construction loan · NORD/LB, Siemens Financial Services
- —
- Tax equity bridge loan · NORD/LB, Siemens Financial Services
- —
- Letters of credit · NORD/LB, Siemens Financial Services
- —
Finance Counterparties
Lenders & Capital Providers
- lenders
- NORD/LB, Siemens Financial Services
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