Macquarie Asset Management has provided a $450 million bilateral facility to Sandow Lakes Energy Station (SLES) to support the construction of a 1.2-gigawatt combined-cycle gas turbine (CCGT) asset in Lee County, Texas.
This financing solution enables the borrower to secure essential long lead-time equipment, including two Siemens SGT6-9000HL gas turbines, advancing the development of a new power project designed to supply electricity to energy-intensive infrastructure.
The exponential expansion of digital infrastructure has resulted in the need for additional energy generation. As the power and transmission grids strive to maintain sufficient capacity and balance intermittent generation, demand for CCGT equipment has surged, with the timeline and delivery queue for new orders extending into the 2030s.
Macquarie Asset Management has structured a facility that supports the procurement of critical long lead-time equipment and site works in parallel with digital in
