Publications

Two battery energy storage projects in Texas receive $150m in financing
Transactions - MAY 17, 2024

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Two battery energy storage projects in Texas receive $150m in financing

by Released

First Citizens Bank’s energy finance business served as sole bookrunner and co-lead arranger on financings totaling more than $150 million for two Apex Clean Energy battery energy storage projects in Texas.

One project, Great Kiskadee Storage, is a 100-megawatt/200-megawatt-hour battery energy storage system owned by SA Grid Solutions, a joint venture of Apex, SK Gas and SK Eternix, under construction in Hidalgo County, Texas. The other, Angelo Storage, is a 100-megawatt/200-megawatt-hour battery energy storage system, also under construction, in Tom Green County, Texas.

Both are expected to reach commercial operation by third quarter 2024. Bank United also served as co-lead arranger on the financings.

Founded in 2009 and headquartered in Charlottesville, Va., Apex Clean Energy focuses on the origination, construction and operation of utility-scale wind, solar and battery storage projects, distributed energy resources, and green fuel technologies.

“Ba

Forgot your username or password?