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    Matrix Secures USD92mn Tax Equity Financing For Gaskell Solar-Plus-Storage Projects In California, US


    June 22, 2022 - Fitch Solutions Sector Intelligence

     

      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      Matrix Secures USD92mn Tax Equity Financing For Gaskell Solar-Plus-Storage Projects In California, US

      • 22 Jun 2022
      • United States
      • Infrastructure

      News: An affiliate of Bank of America has agreed to provide USD92mn tax equity financing to Matrix Renewables for the Gaskell West 2 and Gaskell West 3 solar projects in the US state of California. The two schemes include the installation of total 143MWdc capacity in Kern County along with 80MWh of battery energy storage. Construction on the facilities is under way with commercial operation likely to start in late 2022 (Renewables Now).

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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