Opdenergy Seals $252M for 260MW Solar Projects

Oct 19, 2023 06:14 PM ET
  • Opdenergy seals $252 million US project finance package - creating 600+ jobs and reducing 260,000 tonnes of CO2 annually. Discover the benefits of clean energy now!
Opdenergy Seals $252M for 260MW Solar Projects

Opdenergy has signed a $66 million finance package with French bank Societe Generale and Spanish banking group Banco Santander for the construction of the La Francesca project.

Opdenergy has sealed a $252 million project financing package for two solar projects in the United States. Blake, located in Jefferson County, West Virginia, has an installed capacity of 100 MWDC while Elizabeth, located in Allen Parish, Louisiana, has an installed capacity of 160 MWDC. Both projects have long-term PPAs with two of the largest North American utilities and are expected to be operational within the next few months. In addition to clean energy, the projects will create over 600 direct and indirect jobs and prevent the release of 260,000 tonnes of CO2 into the atmosphere annually. Opdenergy currently has 1.9 GW of assets under operation and construction and 13 GW pipeline of projects at different stages of development in Europe, the United States and Latin America.

What Financing Package Has Opdenergy Secured for Two US Solar Projects?

  • Opdenergy has secured a $252 million finance package for two US solar projects.
  • The two projects are Blake (100 MWDC) located in Jefferson County, West Virginia, and Elizabeth (160 MWDC) located in Allen Parish, Louisiana.
  • Both projects have long-term PPAs with two of the largest North American utilities.
  • Opdenergy expects them to be operational within the next few months.
  • The projects will create over 600 direct and indirect jobs and prevent the release of 260,000 tonnes of CO2 into the atmosphere annually.
  • In addition to the two US solar projects, Opdenergy currently has 1.9 GW of assets under operation and construction and 13 GW pipeline of projects at different stages of development in Europe, the United States and Latin America.
  • The finance package for the two US solar projects was signed with French bank Societe Generale and Spanish banking group Banco Santander.

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