rPlus Energies secures over $650m for Blacks Creek solar facility [Yahoo! Finance]
KeyCorp (KEY)
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Source: Yahoo! Finance
rPlus Energies has obtained more than $650m in debt and tax equity financing commitments for the construction of the Blacks Creek Energy Centre, a 400MW-alternating current (MWac)/520MW-direct current (MWdc) solar facility in Ada County, Idaho, US. The funding package includes debt facilities led by Santander Corporate & Investment Banking and KeyBanc Capital Markets, which will support the project through its construction phase. Once the Blacks Creek Energy Centre reaches commercial operation, the arrangement will convert to a long-term loan facility. Santander has also provided a tax equity financing commitment for the project. The new centre will supply solar electricity to Idaho Power's grid, contributing power to meet both Meta's energy requirements for its data centre in Kuna, Idaho and other needs within Idaho Power's service area. rPlus Energies president and CEO Luigi Resta said: “This project represents another major milestone for rPlus as we continue to invest in
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