Project Finance Brief: energyRe Secures $240 Million for Solar and Storage Project

Dynamic Sun Energy secures funding for 100 MW solar project

May 8, 2024

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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.

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