Project Finance Brief: Broad Reach Secures $435 Million for 880 MW BESS Projects
Alternus Energy acquires 32 MW solar project portfolio in Spain
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Broad Reach Power, a utility-scale battery storage project developer, secured $435 million in credit facilities to support the construction of seven stand-alone energy storage projects totaling 880 MW in Texas and California. The Battery Energy Storage System projects are under construction, with expected commercial operation dates ranging from late 2023 through Q1 2024. The projects include 825 MW in ERCOT and 55 MW in CAISO.
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Sohini Aich
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