Intersect Power Secures $837 Million in Project Financing
Transaction covers portfolio-level construction debt, tax equity, and term debt financing.
July 19, 2024
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Intersect Power, a utility-scale solar project developer, announced closing two separate transactions representing an aggregate of $837 million in financing commitments for constructing and operating three standalone Battery Energy Storage Systems (BESS) in Texas. The transaction covers portfolio-level construction debt, tax equity, and term debt financing.