Project Finance Brief: energyRe Secures $240 Million for Solar and Storage Project
Dynamic Sun Energy secures funding for 100 MW solar project
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
energyRe, an independent solar, wind, and energy storage project developer, secured $155 million in project financing and an $85 million tax equity commitment for a 108 MW Lone Star solar project and a 198 MWh energy storage project in South Carolina. The Lone Star Solar project is under construction and is expected to be operational by Fall 2024. The $155 million project financing includes construction debt, a tax equity bridge facility, and a letter of credit facility. The funding was secured with Santander acting as the Coordinating Lead Arranger.
