Gemini Solar + Storage — 690 MWac solar + 380 MW/1,400 MWh BESS, Clark County, Nevada
Primergy closes $600M private placement senior secured notes + $160M LC facility ($760M total) refinancing for Gemini Solar + Storage (one of the largest solar+storage projects in the US). 24-year fully amortizing notes. Backed by 25-year PPA and 10-year PTC transfer agreement. Lead placement agents: BofA Securities, KeyBanc, MUFG Securities Americas. Separate from the 2024 construction financing (fin-2024-012).
$760M
Deal Value
690MW
Capacity
1,400MWh
Storage
Solar+Storage
Technology
NV
Location
Deal Details
- Deal Type
- Bond Refinancing
- Seller / Sponsor
- Primergy Solar (Quinbrook Infrastructure Partners)
- Deal Value
- $760M
- Stage
- operating
- ISO/RTO
- WECC
- Source
- PR Newswire
Finance Counterparties
Lenders & Capital Providers
- 0
- BofA Securities
- 1
- KeyBanc Capital Markets
- 2
- MUFG Securities Americas
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