Matrix Renewables, the TPG Rise-backed global renewable energy platform, has signed a $92 million tax equity funding for the Gaskell West 2 and Gaskell West 3 projects in the U.S. An affiliate of Bank of America is providing the tax equity. The Gaskell West 2 and 3 projects have an installed capacity of 143 MW of solar and an 80 MWh energy storage system, located in Kern County, California. The projects are fully contracted, holding five long-term power purchase agreements with utilities and cities in California. Both projects are in progress and are expected to achieve commercial operation in late 2022. Matrix was advised by CohnReznick Capital, which served as a financial advisor, and Norton Rose Fulbright.