Texas solar project protects financing

• Twain's $42m financing is its biggest PV loan to date as part of commitment to finance $1bn-worth of renewables

Twain Financial Partners has closed on $42m in financing to finish the Longbow solar project in Brazoria County, Texas.

Twain's $42m financing is its largest solar loan to date, belongs to its recent commitment to fund $1bn-worth of brand-new sustainable projects over the next three years.

" Renewable resource investment is a fast-growing segment of our service, as well as the Longbow project assists highlight our capabilities in that space," said Michael Park, that recently signed up with Twain as its supervisor of renewable energy.

" I fully expect Twain will introduce moneying commitments for a number of similar projects in the coming months."

The Longbow Solar project is being co-developed by Clean Capital Partners and also Aspen Creek.

The project is on timetable to be placed into solution by August 2022.

A power purchase arrangement will allow for the sale of most of the created power to a dispersing business at a cost that is less than one-third of the current market rates for Texas residential electricity customers.