Articles from Earthrise Energy

Earthrise Energy (“Earthrise”), an independent power producer, today announced the successful close of a $630 million, first-of-its-kind tax equity and debt financing for its 270 MWac solar project, Gibson City Solar, within Illinois’ MISO power market. The project is expected to achieve commercial operations in 2026. The debt financing is comprised of a construction-to-term loan, a tax equity bridge loan, and a letter of credit facility. BBVA, Intesa Sanpaolo, and Nord/LB served as Coordinating Lead Arrangers and Bookrunners for the debt financing, and a Fortune 500 telecommunications company provided the tax equity commitment.