Twain Financial Partners has closed on $42 million in financing to finish the Longbow Solar venture, an enormous ground-mounted solar photovoltaic (PV) energy system in Brazoria County, Texas, simply southwest of Houston. Old Texas rice fields quickly will probably be harvesting one thing new as a $145 million clear energy venture nears completion with this sizable ultimate funding.
Twain’s $42 million dedication, its largest solar mortgage to this point, is a part of its current dedication to finance $1 billion value of latest renewable tasks over the following three years.
“Renewable energy investment is a fast-growing segment of our business, and the Longbow project helps highlight our capabilities in that space,” says Michael Park, who not too long ago joined Twain as its director of renewable energy. “I fully anticipate Twain will announce funding commitments for a number of similar projects in the coming months.”
The Longbow Solar venture is being co-developed by Clean Capital Partners and Aspen Creek. The venture is on schedule to be positioned into service by August 2022.