Excelsior Energy Capital has secured a whopping $1.4bn financing package for their 682.5 MW Faraday solar plus storage facility in Utah.
Here's the breakdown: $1.01bn in debt facilities and $400mn in tax equity financing. The package supports Excelsior Energy to get the project up and running by the end of 2025.
key takeaway? Enerdatics observes that this financing package is the largest asset-level financing for a single asset in the US this year.
To give you a clearer picture, we've got a chart showcasing the top five asset-level financings in the US for onshore renewable assets this year. Interestingly, solar-plus-storage projects dominate the list, reflecting the demand for clean power backed by batteries.
To gain a deeper insight into financing trends at the corporate and asset-level globally, request a trial of the Enerdatics Energy Transition Finance database today.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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