Advanced Power, a privately owned, global developer, manager and owner of modern power infrastructure, has closed a $60 million capital facility through Crédit Agricole Corporate and Investment Bank (CIB).
The new line of credit enables Advanced Power to more expeditiously deliver its North American pipeline of renewables projects, spanning Desert Southwest, ERCOT, PJM and MISO. Projects in the pipeline include:
Talitha Solar – 189 megawatts direct current (MWdc) with option to add battery storage;
Oriana Solar – 232 MWdc with option to add battery storage;
Eldora Solar – 238 MWdc with option to add battery storage;
Elio Solar – 190 MWdc with option to add battery storage; and
Alina Solar – 245 MWdc with option to add battery storage.
“We’re pleased with this vote of confidence from Crédit Agricole on Advanced Power’s ongoing business, track record and future growth prospects,” said Tom Spang,