Cross Town BESS — 175 MW / 350 MWh, Gorham, Maine (largest battery in ISO-NE region)
Plus Power secures $65M tax equity from Morgan Stanley for Cross Town BESS. 175 MW/350 MWh expected to be largest battery in ISO-NE region. Combined $160M tax equity with Cranberry Point MA project.
$65M
Deal Value
175MW
Capacity
350MWh
Storage
BESS
Technology
ME
Location
Deal Details
- Deal Type
- Project & Portfolio M&A
- Seller / Sponsor
- Plus Power
- Buyer / Financier
- Plus Power
- Deal Value
- $65M (tax equity from Morgan Stanley)
- Stage
- Under Construction
- ISO/RTO
- ISO-NE
- Source
- Energy Storage News
Capital Structure
Tranches
- Tax equity · Morgan Stanley
- $65M
- Debt financing (amount not disclosed for Cross Town alone; >$290M raised across Cross Town + Cranberry Point) · Nord LB, Investec, Siemens Financial Services
- —
Finance Counterparties
Lenders & Capital Providers
- Tax Equity
- Morgan Stanley
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