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05 Aug
14:18

Terra-Gen arranges financing for giant California energy storage project

New York-based Terra-Gen LLC says it has completed financing on the initial phase of a large solar storage facility in southern California, Kallanish reports. Financing for the Edwards Sanborn Solar Storage facility in Kern County, California, includes $804 million senior secured credit facilities comprising a $400m construction and term loan, a $328m tax equity bridge facility and a $76m construction and revolving letter of credit facility. JP Morgan is providing…
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