Clenera Closes on Montana Utility-Scale Solar Undertaking Financing

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Image: Enlight Renewable Energy

Clēnera, an Enlight firm, has closed on development and tax fairness financing for the 105 MW DC Apex Solar mission situated in Beaverhead County, Mont.

Bank of America and NORD/LB, a German financial institution energetic in renewable energy financing in Europe and the U.S., will fund the mission via a development mortgage.

Huntington National Bank will present long-term financing by way of sale and leaseback tax fairness financing for Apex Solar following business operations.

Clēnera’s method to this financing is exclusive in that the tax advantages and long-term financing will probably be mixed in a single transaction – a follow wanted within the U.S. and within the utility-scale solar trade.

Greenberg Traurig LLP served as authorized counsel to Clēnera, and Paragon Energy Capital acted as Clēnera’s unique tax fairness advisor on the transaction.

Apex Solar is predicted to succeed in business operations within the second quarter of 2023.

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