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Intersect Power secures USD2.6bn Financing For Solar-Plus-Storage Projects In US
- 22 Nov 2021
- United States
Intersect Power has secured a combined USD2.6bn of financing for the construction and operations of around 2.2GW of solar-plus-storage projects in the US (NS Energy). The projects will feature a total of 1.4GWh of storage facilities. The deal includes eight separate transactions to advance the six-project portfolio, which comprises the Athos III, Oberon I, and Oberon II, Lumina I and Lumina II solar-plus-storage projects. Intersect plans to invest around USD800mn for the 310MW Athos III project in Riverside County and the 415MW Radian project in Brown County. The Athos III and Radian projects are expected to be commissioned in late 2022, and the overall portfolio is due to be operational in 2023 (S&P Global).
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