Microsoft Partners with Primergy for Texas Solar Park
- Primergy Solar LLC partners with Microsoft for a 408-MW solar park in Texas, set to power 90,000 homes annually. With $588 million in financing, Primergy is making strides in renewable energy.
Primergy Solar LLC, a company owned by Quinbrook Infrastructure Partners, has secured a power off-take agreement with Microsoft for a 408-MW solar park in Texas. The project, known as the Ash Creek photovoltaic farm, is currently under construction and is expected to generate enough electricity to power around 90,000 homes annually. Primergy has also secured $588 million in debt financing for the project, with funding provided by a consortium of banks including MUFG Bank, SMBC, BNP Paribas, and others.
The Ash Creek project was originally developed by Orion Power Generation LLC, but Primergy acquired ownership in 2021. The deal with Microsoft marks a significant milestone for Primergy as it continues to expand its renewable energy portfolio. The project is expected to contribute to Texas' growing renewable energy sector and help Microsoft meet its sustainability goals.
What major milestone did Primergy Solar LLC achieve with Microsoft for Ash Creek project?
- Primergy Solar LLC achieved a major milestone by securing a power off-take agreement with Microsoft for the 408-MW Ash Creek solar project in Texas.
- The project, currently under construction, is expected to generate enough electricity to power around 90,000 homes annually.
- Primergy also secured $588 million in debt financing for the project from a consortium of banks including MUFG Bank, SMBC, BNP Paribas, and others.
- The Ash Creek project was originally developed by Orion Power Generation LLC, but Primergy acquired ownership in 2021.
- The deal with Microsoft marks a significant milestone for Primergy as it expands its renewable energy portfolio and contributes to Texas' growing renewable energy sector.
- The project will also help Microsoft meet its sustainability goals and further its commitment to renewable energy.
