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-0.000591453496968823 -0.000591453496968823 0 -0.00133077036817985 0.00409088668736746 0.00561880822120354 0.00685100300655521 0.00734388092069585
Stock impact report

Avantus Closes Financing for Solar-Plus-Storage Project in Arizona [Yahoo! Finance]

Pinnacle West Capital Corporation (PNW) 
Last pinnacle west capital corporation earnings: 2/21 08:40 am Check Earnings Report
US:NYSE Investor Relations: pinnaclewest.com/investors
Company Research Source: Yahoo! Finance
New York branch of Canadian Imperial Bank of Commerce for the Kitt Solar and Energy Storage Project in Pinal County, Arizona. The installation, located in Eloy, features 100 MWac/130 MWdc of solar power generation capacity, and 400 MWh of energy storage. Avantus on March 4 said the financing package includes construction funding, a tax equity bridge loan, and letters of credit. The Kite facility is currently under construction; it is expected to enter commercial operation by the end of this year. “The financing demonstrates the continued bankability and commercial viability of utility-scale solar and storage projects in the region, and Avantus' growing presence in Arizona,” said Avantus CEO Cliff Graham. “We're grateful for BBVA and CIBC's partnership in bringing this critical infrastructure to Arizona at a time when the state navigates mounting pressure on its electric grid.” “We are proud to support Avantus in delivering critical clean energy infrastructure at a pivotal moment for A Show less Read more
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