The US$309 million back-leveraged term loan will support 80 community solar projects owned by Summit Ridge Capital Holdings, a joint venture (JV) between Summit Ridge Energy and HASI
Independent Power Producer (IPP) Enlight Renewable Energy has closed financing for the battery energy storage system (BESS) portion of its 364MW/1.2GWh Atrisco solar-plus-storage project in New Mexico, USA.
The flagship development is the Esmerelda 7 solar and battery energy storage system (BESS) project, which comprises seven utility-scale solar facilities with a combined 5.35GW of generation capacity.
Crux said that the tax credit transferability market has “outpaced expectations” from when the Department of Treasury released guidance on the scheme in June 2023.
The land in question excludes natural reserves and high-value agricultural areas under “strict agricultural, environmental and technical criteria for hosting onshore wind and solar projects.”