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Engie, an energy company, has signed a virtual power purchase agreement (VPPA) with Sonoco, a sustainable packaging company, for 140MW of its Big Sampson Wind Project in Texas. The wind farm is expected to come online in late 2025 and will consist of 60 wind turbines. Sonoco will purchase 140MW per year as part of its effort to reduce emissions. Engie has also signed tax equity financing agreements for a 1.3GW project portfolio, which includes solar and wind projects across different regions. Engie has a total of 3.275GW of wind projects in the US and Canada. [Extracted from the article]

Lightsource BP has secured $348 million in project financing for two utility-scale solar projects in Texas. The financing was provided by a consortium of banks, including Société Générale, ING Capital, NatWest, Lloyds Banking Group, and Allied Irish Bank. This deal is notable for being the first US renewable energy project finance transaction to include both a transferability bridge loan and an equity partner bridge loan. Lightsource BP currently operates three solar projects in Texas and has developed a total of 3.2GW of solar projects across 11 US states since 2019. [Extracted from the article]

Plus Power has secured a $98 million tax equity investment from Greenprint Capital Management for its Ebony Energy Storage facility in Texas. The facility, located near San Antonio, is set to begin operations in spring 2024. This investment is part of a larger financing package of $1.8 billion for five projects in Arizona and Texas, including the Ebony facility. Plus Power develops and operates battery energy storage systems across the United States and Canada. Greenprint Capital Management recently formed a joint venture with AB CarVal, which will provide over $2.5 billion in tax equity capital for renewable energy projects. [Extracted from the article]

Aypa Power, a Blackstone portfolio company, has secured a $350 million financing facility for its Borden and Cald Projects, which are battery energy storage facilities in Texas and California. The lenders for the facility include MUFG, Nomura, National Bank of Canada, and First Citizens Bank. This financing is notable for its tax equity participation and mechanics related to tax credit transferability. Aypa Power, formerly known as NRStor C&I, develops utility-scale battery energy storage projects and hybrid renewable generation projects. [Extracted from the article]

Plus Power has closed $98 million in tax equity investment from Greenprint Capital Management for its 200MW/400MWh Ebony Energy Storage facility in Comal County, Texas. [ABSTRACT FROM AUTHOR]

Project Umbriel is the firm's sixth greenfield renewable energy project in the US state to reach FC and the company's first project in Texas's MISO footprint. Renewable developer Longroad Energy has reached financial close on a 150 MWac PV project in Polk County, Texas, which will now enter construction. [Extracted from the article]

The article looks at the impact of an obscure 1997 equity amendment to the property tax code in Texas on counties and citizens. A historical overview of the establishment of the amendment, written by Austin tax attorney Jim Popp, is given. Particular focus is given to the case of Valero Energy Corp., which refused to pay all property tax due on its McKee Refinery in Moore County due to the appraised value made by the county.

SUSI Partners, through its SUSI Energy Transition Fund with its joint venture partner SMT Energy, has signed a tax equity financing agreement with Greenprint Capital for a co-owned 100MW battery energy storage portfolio sited in Texas. [ABSTRACT FROM AUTHOR]

This is S&B's fourth renewable energy investment in the US, after purchasing a majority stake in the Beacon II and Beacon V solar projects, totaling 81MW, from Capital Dynamics at the end of last year. S&B has bought the Brazoria West facility, sometimes called Westoria Solar, from Macquarie Capital's renewable energy development platform Savion. Israeli developer Shikun & Binui Energy (S&B) has closed its acquisition of a 200MW solar project in Brazoria County, Texas. [Extracted from the article]

(Bloomberg) -- A Texas renewables developer is about to test investors' appetite for solar farms in the state after February's devastating freeze rendered some power plants inoperable for days. Still, given the uncertainty in the Texas market, the tax equity investor asked for more time finalize its investment, said Iatrou, who declined to disclose the parties. [Extracted from the article]

Swift Current Energy has secured project financing for an almost 200MW wind project the company is developing in Texas. [ABSTRACT FROM AUTHOR]

Copenhagen Infrastructure Partners (CIP) has secured tax equity financing for a 477 MW solar project in Texas that the company purchased two years ago. [ABSTRACT FROM AUTHOR]

Engie has secured common equity and tax equity financing for a trio of renewables projects totaling 665 MW that are spread across Texas, Kansas and North Carolina. [ABSTRACT FROM AUTHOR]

Two solar farms to power equivalent of 360 Starbucks stores The 10-megawatt solar farms produce enough energy to power the equivalent of 360 Starbucks stores. [Extracted from the article]

Hanwha QCells USA Corp has announced that it has obtained a tax equity investment for its operational Kellam Solar Project, located in Van Zandt County, Texas, in Ercot's North zone. [ABSTRACT FROM AUTHOR]

First Foundation is relocating its corporate headquarters to Dallas, where the tax burden is lighter and it sees more opportunity to beef up lending, add wealth management clients and pursue acquisitions of community banks. [ABSTRACT FROM AUTHOR]

Canadian developer Innergex Renewable Energy has closed on a construction loan and tax equity commitment for its 225 MW Griffin Trail wind project in northwest Texas. [ABSTRACT FROM AUTHOR]

RWE Renewables has secured a tax equity investor for its 220 MW Cranell Onshore Wind Farm in Refugio County, Texas. [ABSTRACT FROM AUTHOR]

Fengate Asset Management has acquired a majority interest in a 250 MW wind project in Texas, which has tax equity in place from Berkshire Hathaway Energy and GE Energy Financial Services. [ABSTRACT FROM AUTHOR]

7X Energy has secured tax equity from Swiss chocolatier Nestlé and debt from a group of six banks for its 250 MW Taygete I solar project in Pecos County, Texas. [ABSTRACT FROM AUTHOR]

Leeward Renewable Energy has reached financial close on the tax equity financing of its Sweetwater 3 Wind Farm repowering project in Texas. [ABSTRACT FROM AUTHOR]

A pair of sponsors are on the lookout for a tax equity investor for a 350 MW solar project they are developing together in Texas. [ABSTRACT FROM AUTHOR]

Copenhagen Infrastructure Partners has secured tax equity financing for its 255 MW Greasewood solar project in Texas. [ABSTRACT FROM AUTHOR]

Finnish renewables developer Taaleri Energia has closed construction debt, tax equity and cash equity financing for its 336 MW Truscott Gilliland East Wind project located in Knox County, Texas. [ABSTRACT FROM AUTHOR]

RWE Renewables has secured a tax equity investment for a wind farm in Texas. [ABSTRACT FROM AUTHOR]

Ørsted Onshore North America has secured tax equity commitments for a wind farm that is under construction in Texas. [ABSTRACT FROM AUTHOR]

LightsourceBP has sealed debt and tax equity for its Impact Solar plant in Lamar County, Texas, which has a power hedge with the developer's parent company, BP. [ABSTRACT FROM AUTHOR]

Ørsted Onshore has secured a tax equity commitment for a large solar-plus-storage plant in Texas. [ABSTRACT FROM AUTHOR]

New details have emerged on the construction and tax equity financing for Clearway Energy Group's Wildorado and Elbow Creek wind repowering projects in Texas, which is close to wrapping up. [ABSTRACT FROM AUTHOR]

Having closed a tax equity deal last month for an Enel Green Power North America solar project in Upton County, Texas, JP Morgan is working with the same sponsor on the financing for a wind project in the same county. [ABSTRACT FROM AUTHOR]

Engie North America is in the process of raising tax equity to finance its 225 MW Long Draw Solar Project, which is contracted with four municipal organizations in Texas. [ABSTRACT FROM AUTHOR]

Lightsource BP is nearing agreements with a lead arranger and hedge provider for a development-stage solar project in Texas as a financial adviser scouts for tax equity on the developer's behalf. [ABSTRACT FROM AUTHOR]

Sponsors that are bullish on the project finance market for solar assets in Texas have begun to explore contract structures that preserve more potential upside in their hedges while still providing comfort to lenders and tax equity investors. [ABSTRACT FROM AUTHOR]

E.On has provided additional details regarding a tax equity financing for a wind repowering project in Texas. [ABSTRACT FROM AUTHOR]

Copenhagen Infrastructure Partners has secured an tax equity commitment, structured as an inverted lease, for a hedged solar project in Texas. [ABSTRACT FROM AUTHOR]

Scout Clean Energy, the developer owned by Quinbrook Infrastructure Partners, has roped construction financing from a consortium of banks and a tax equity commitment for its 180 MW Heart of Texas wind project in McCulloch County, which has a proxy revenue swap. [ABSTRACT FROM AUTHOR]

Duke Energy Renewables has acquired a 200 MW Texas solar project that is contracted under a hedge agreement and has been financed with debt and tax equity. [ABSTRACT FROM AUTHOR]

Macquarie Capital is working with a tax equity investor to finance a wind project in Texas. [ABSTRACT FROM AUTHOR]

E.ON Climate & Renewables North America is working with a tax equity investor to finance a solar project in Texas. [ABSTRACT FROM AUTHOR]

Clearway Energy Group has lined up a tax equity investor and finalized the terms of an investment by its yield company in the Wildorado and Elbow Creek wind repowering projects in Texas. [ABSTRACT FROM AUTHOR]

Longroad Energy has financed its 300 MW Prospero solar project in Texas with tax equity from Facebook—the company's first such investment—and debt from seven banks. [ABSTRACT FROM AUTHOR]

HSBC has found a tax equity co-investor for a wind project in Texas, which is due to come online in the coming weeks. [ABSTRACT FROM AUTHOR]

Ares Management Corp. reached financial close for the repowering of three Texas wind projects concurrent with buying the fleet from BP Wind Energy North America on Dec. 21. [ABSTRACT FROM AUTHOR]