174 Power Global
Description
174 Power Global announced the closing of construction financing for the $210 million 150 MW first phase of a solar power plant near Odessa, Texas.
Credit Agricole Corporate and Investment Bank and the Korea Development Bank are providing construction and term debt. J.P. Morgan Chase Bank N.A. is providing an eight-year solar hedge for a portion of the project output. Additionally, a leading tax equity investor has provided a commitment to provide tax equity for this first phase.