Project Finance Brief: 7X Energy Sells 130 MW Solar Project to KOMIPO America

MPC Caribbean to acquire a 33.4 MW solar project in the Dominican Republic

June 14, 2021

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7X Energy, a utility-scale solar developer, owner, and asset manager, has sold its 130 MW Elara Energy project located in Frio County, Texas, to KOMIPO America, a U.S. subsidiary of Korea Midland Power. Morgan Stanley Renewables acted as the sole tax equity investor for the project. CohnReznick Capital served as the financial advisor to 7X, providing support across capital formation and structuring. Elara is currently under construction and is expected to reach full commercial operation in Q4 2021.

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