Reports
Latest reports tagged Utility Scale.
Matrix Renewables closed a $1.3 billion financing package for its 859 MWdc solar and 167 MWh battery portfolio across Texas, California, and Idaho, including construction-to-term loans, tax equity bridge facilities, and letters of credit arranged by MUFG, HSBC, Nomura, and Santander.
Matrix Renewables' 859 MW of solar and 167 MWh of battery storage portfolio across Texas, California, and Idaho will add significant renewable generation and grid-stabilizing storage, improving reliability while facing integration challenges such as transmission constraints.
Utility-scale solar and battery storage projects commonly use non-recourse project finance debt, tax equity or transferable tax credits, and sponsor equity; construction loans cover building costs, while bridge loans temporarily fund tax benefit monetization gaps.
Matrix Renewables secured over $1.3 billion in financing for a U.S. solar and battery storage portfolio including construction-to-term loans, tax equity bridge financing, and letters of credit, with MUFG, HSBC, Nomura, and Santander as lead arrangers. The portfolio spans 859 MWdc solar and 167 MWh storage across Texas, California, and Idaho.
