Leeward Renewable lines up financing for two solar pv projects

By Renewable Energy World Dallas-based Leeward Renewable Energy said it closed around $420 million in construction-to-term financing from MUFG Bank Ltd. and a $195 million tax equity commitment from Wells Fargo for its Big Plain Solar Facility in London, Ohio and its Oak Trail Solar Facility near Moyock, North Carolina.

MUFG served as the green loan structuring agent, coordinating lead arranger and administrative agent, arranging financing commitments from eight financial institutions and Export Development Canada. The debt was issued under the Green Loan Principles, which aim to facilitate and support environmentally sustainable economic activity.

The Big Plain and Oak Trail Solar facilities are currently under construction

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