Boxcar Battery Energy Storage System — 300 MWh / 150 MW BESS, Wylie, Texas (ERCOT)
esVolta closes $139.6 million project financing package for Boxcar BESS in Wylie, TX (northeast of Dallas). Financing package includes construction loan, tax equity bridge loan, letters of credit, and term loan facilities. MUFG Bank served as lead lender; Generate Capital provided backing. Expected COD 2027. Expands esVolta ERCOT portfolio to 1.56 GWh across five battery projects. Legal counsel: Orrick (esVolta), Winston & Strawn (MUFG).
$140M
Deal Value
150MW
Capacity
300MWh
Storage
BESS
Technology
TX
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- esVolta
- Buyer / Financier
- MUFG Bank (lead lender); Generate Capital
- Offtaker
- Undisclosed major corporate customer (long-term offtake)
- Deal Value
- $140M
- Stage
- Development
- ISO/RTO
- ERCOT
- Source
- PR Newswire
Capital Structure
$140M
Total transaction value
Tranches
- Construction loan · MUFG Bank, Ltd.
- —
- Tax equity bridge loan · MUFG Bank, Ltd.
- —
- Letters of credit · MUFG Bank, Ltd.
- —
- Term loan facility · MUFG Bank, Ltd.
- —
Finance Counterparties
Lenders & Capital Providers
- 0
- MUFG Bank
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