Pine Forest Solar + Storage — 370 MW solar + 200 MW storage, Hopkins County, Texas
Clearway acquires cash and tax equity interests in 500 MW solar+storage project. Underpinned by 20-year PPA with Dell and 15-year PPA with Universal. KeyBanc arranged $665M credit facilities. COD expected 2025.
$155M
Deal Value
370MW
Capacity
Solar + Storage
Technology
TX
Location
Deal Details
- Deal Type
- Project & Portfolio M&A
- Buyer / Financier
- Clearway Energy
- Deal Value
- $155M (Clearway investment, $665M total financing)
- Stage
- Under Construction
- ISO/RTO
- ERCOT
- Source
- GlobeNewswire
Capital Structure
$665M
Total transaction value
Tranches
- Bank consortium financing (debt; tranche split not disclosed) · Societe Generale / ANZ / BBVA / Commerzbank / KeyBanc Capital Markets / Lloyds Bank
- —
Finance Counterparties
Lenders & Capital Providers
- lender
- KeyBanc Capital Markets
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Leadership at the Counterparties
Recent executive moves at the firms named in this deal.
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