Qcells USA, KeyBanc Capital Markets Finance Texas Solar Project

Rich Chung

Qcells USA Corp. has closed a financing bundle for its Coniglio Solar Project, positioned in Fannin County, Texas.

The undertaking contains practically 405,000 solar modules, equipped by Qcells North America. The solar facility would be the largest undertaking in Qcells USA’s working portfolio up to now within the U.S., with a rated capability of 168 MWp.

KeyBanc Capital Markets (KCBM) served because the lead arranger for the $29 million financial institution mortgage and letter of credit score facility. KeyBank National Association acted because the collateral agent and administrative agent. This closing follows the profitable tax fairness financing and industrial operations in 2021.

“We are very pleased to close financing for Coniglio and to establish a new relationship with a leading bank in our field,” says Rich Chung, head of undertaking finance at Qcells USA. “This debt financing highlights the appeal of our renewable energy growth strategy in the United States and Qcells USA’s strength as a sponsor, especially as we aggressively expand our pipeline geographically and into new technologies like battery storage.”

“As a part of our continuing support for renewable energy, we are pleased to serve as Lead Arranger and to provide capital for the Coniglio Solar Project,” states Tyler Nielsen, director of utilities power  and renewables at KeyBanc Capital Markets. “This represents our first financing with Qcells, and we look forward to continuing the relationship to deploy new technologies and energy solutions.”

Recent Articles

Solar is Not Lifeless in California… Net Metering 3.0 Defined

Learn extra at www.pacificsuntech.com/net-metering Net Energy Metering could also be “dead” however solar will not be. For many people within the ...

Enphase IQ Battery 5P is its strongest but

Enphase Energy launched its strongest home battery to-date, the IQ Battery 5P, for patrons within the United States and Puerto...

A printable, versatile, natural solar cell | Hannah Bürckstümmer

Unlike the solar cells you are used to seeing, natural photovoltaics are made from compounds which can be dissolved in ink and may be...

ConnectDER’s meter collar nets $27M in funding, makes any home ‘solar ready’

By Chris Crowell May 26, 2023 ConnectDER has quick connection adapter that may make houses solar and EV prepared...

Find out how to Pitch SPANISH Solar Offers : Tampa 2022

We're in Tampa, Florida and Manny Guerrero is a particular visitor on the present. We interview and meet him within the area to seek...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox