Capital Dynamics reaches monetary close for Eagle Shadow Mountain project
- Capital Dynamics has actually ended financing for a 383MWdc PV project in Nevada that is presently under advancement by 8minute Solar Energy.
Financing for the Eagle Shadow Mountain facility has been safeguarded by the asset monitoring company's Clean Energy Infrastructure unit and also includes US$ 327 million in credit report facilities led by MUFG Union Bank, with Commonwealth Bank of Australia as well as Sumitomo Mitsui Banking Corporation also providing a letter of credit facility.
Acquired by Capital Dynamics as well as 8minute earlier this year, the project is located around 55 miles northeast of Las Vegas and is slated for completion by the end of 2021. It marks the Clean Energy Infrastructure group's 3rd purchase with 8minute.
Benjamin Droz, vice head of state of Clean Energy Infrastructure, said the center is a "purposeful addition" to the firm's solar property portfolio, including: "We are pleased to complete a path-breaking financing with MUFG and our other economic companions, especially in the midst of a challenging market setting."
Capital Dynamics' existence in Nevada additionally includes the part of the Gigawatt 1 profile, which is being established together with modern technology facilities firm Switch and also will consist of "the largest behind-the-meter solar project worldwide", according to the firms.
