Reports
Latest reports about Project Finance.
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.
A tax equity bridge loan is a short-term financing tool for renewable energy projects that covers construction costs until permanent tax equity investors contribute capital, as illustrated by Matrix Renewables' $400 million facility.
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.
