Watertown Solar — 172 MWdc utility-scale solar, Sanilac County, Michigan
Linea Energy closes project debt financing for 172 MWdc Watertown Solar in Sanilac County, Michigan. Financing includes construction-to-term loan, tax equity bridge, and LC facility. Lead arranger Santander CIB with Societe Generale, NORD/LB, and Truist Bank participating. 25-year PPA with Consumers Energy (MPSC-approved). COD expected April 2027.
Deal Value
172MW
Capacity
Solar
Technology
MI
Location
Deal Details
- Deal Type
- Project Debt Financing
- Seller / Sponsor
- Linea Energy
- Buyer / Financier
- Consumers Energy
- Offtaker
- Consumers Energy
- Stage
- construction
- ISO/RTO
- MISO
- Source
- PR Newswire
Finance Counterparties
Lenders & Capital Providers
- 0
- Santander Corporate & Investment Banking
- 1
- Societe Generale
- 2
- NORD/LB
- 3
- Truist Bank
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