$237.5M of ITC from four battery energy storage (BESS) projects in Texas (largest: 180 MW)
Kimberly-Clark purchases ITCs from four BESS projects in Texas, facilitated/advised by Schneider Electric. Largest single facility: 180 MW ($82.5M TCT). Supports K-C's goal of 50% GHG reduction by 2030 and 100% renewable electricity in North America by 2030. Schneider has been K-C's strategic decarbonization advisor since 2016.
$238M
Deal Value
180MW
Capacity
Other
Technology
TX
Location
Deal Details
- Deal Type
- Tax Equity & Tax Credits
- Seller / Sponsor
- Four BESS project developers (undisclosed)
- Buyer / Financier
- Kimberly-Clark
- Deal Value
- $237.5M
- Stage
- Under Construction
- ISO/RTO
- ERCOT
- Source
- PR Newswire
Service Providers
Advisory & Legal
- taxCreditAdvisor
- Schneider Electric
Finance Counterparties
Lenders & Capital Providers
- Tax Credit Buyer
- Kimberly-Clark
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