D. E. Shaw Renewable Investments (DESRI) has acquired the Hunter Solar project in Emery County, Utah, from Community Energy. DESRI also closed on financing and a tax equity commitment for the project.
Hunter Solar is a 100-megawatt AC project that has a long-term power-purchase agreement with PacifiCorp and will provide Facebook’s data center operations with the renewable energy certificates from the new solar power.
Financing for the project was provided by a syndicate of lenders led by HSBC as coordinating lead arranger and CIBC as joint lead arranger, while Wells Fargo provided a commitment for tax equity financing.
Swinerton Renewable Energy, a division of Swinerton Builders, will construct the project and provide operations and maintenance services following its commercial operations date.
“DESRI is very pleased to close its fifth transaction with Community Energy,” said Bryan Martin, executive chairman of DESRI. “We are very excited to be ab
