Project Finance Brief: BrightNight and Cordelio Secure $414 Million for Solar Project

WElink Group secures financing for 1.6 GW energy storage portfolio

May 15, 2024

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BrightNight, a renewable energy power producer and its joint venture partner Cordelio Power secured a $414 million construction credit facility for the development of 300 MW Box Canyon utility-scale solar project in Pinal County, Arizona. The construction of the solar project began in December 2023 and is expected to begin operations in 1H 2025. Zions Bancorporation served as the Administrative Agent and Coordinating Lead Arranger. The Joint Lead Arrangers are National Bank of Canada, Royal Bank of Canada, Sumitomo Mitsui Trust Bank, and Canadian Imperial Bank of Commerce.

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