Project Finance Brief: Primergy Secures $350 Million for 408 MW Solar Project

Redeux Energy sells 200 MW solar plus storage project

October 23, 2024

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Primergy Solar, a developer of distributed and utility-scale solar and battery storage projects, has secured $350 million in tax equity financing for the 408 MWac Ash Creek solar project in Hill County, Texas. A Fortune 500 telecommunications company led the tax equity investment, with additional funding provided by Truist Bank. The project is under construction and is expected to reach commercial operation in early 2025.

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