Pattern Energy Group has completed financing and commenced construction of its 105-megawatt Phoenix Solar Project in Fannin County, Texas.
Pattern Energy acquired the development rights to the project in 2018 from solar developer Alpin Sun. Pattern Energy currently has 871 megawatts of wind power in operation at four facilities in Texas. The project has a 12-year power-purchase agreement in place with Digital Realty.
ING Capital provided construction and term project financing, and tax equity was provided by RBC Community Investments, a subsidiary of RBC.
Phoenix Solar is expected to reach completion in mid-2021.
