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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.

Primergy Solar LLC has secured a 400-MW solar project with battery storage in Nevada, with San Diego Community Power (SDCP) as the power off-taker. The long-term power purchase agreement (PPA) between Primergy and SDCP is tied to the entire capacity of the Purple Sage Energy Center, with supplies set to begin in 2027. The project will feature PV modules and 1.6 GWh of battery energy storage systems, located between Las Vegas and the California border.This agreement comes after Primergy recently signed a PPA with Microsoft Corp for a 408-MW solar park in Texas. The Purple Sage Energy Center is expected to produce over 1.2 million MWh of electricity annually, enough to power more than 100,000 households. Primergy, a portfolio company of Quinbrook Infrastructure Partners, continues to expand its renewable energy projects and partnerships in the United States. What is the capacity of Primergy Solar LLC's solar project in Nevada? The capacity of Primergy Solar LLC's solar project in Nevada is 400 MW The project will also include 1.6 GWh of battery energy storage systems The Purple Sage Energy Center is expected to produce over 1.2 million MWh of electricity annually This will be enough to power more than 100,000 households in the area

based solar power as well as storage space corporation Primergy Solar, has actually shut a $75 million revolving credit facility with Rabobank with

Primergy Solar LLC has secured $225 million in financing for its Valley of Fire portfolio, which includes 2.65 GW of solar capacity and up to 1.5 GW of battery storage. The funding, arranged with Dutch Rabobank, includes a $125 million tax credit sale for the Gemini hybrid solar park in Nevada and a $100 million revolving credit facility.This financing will support the ongoing development of five solar and solar-plus-storage projects spread across Nevada, Colorado, and Arizona, with commissioning expected through 2030. The Gemini facility, which provides 690 MW of solar and 380 MW of battery storage, was operationalized in the summer. What are the key details of Primergy Solar's Valley of Fire financing deal? Here are the key details of Primergy Solar's Valley of Fire financing deal: Total Financing Amount: Primergy Solar secured a total of $225 million to support its Valley of Fire portfolio, which aims to expand solar energy capacity. Project Capacity: The financing will facilitate the development of 2.65 gigawatts (GW) of solar power generation, complemented by potential expansion of up to 1.5 GW of energy storage through batteries. Key Financial Partners: The financing arrangement was facilitated by Dutch Rabobank, emphasizing the growing involvement of international financial institutions in renewable energy projects in the U.S. Structure of the Financing: The funding arrangement includes a $125 million tax credit sale specifically linked to the Gemini hybrid solar park, as well as a $100 million revolving credit facility. This dual structure allows for flexibility in accessing capital. Gemini Hybrid Solar Park: The Gemini project, which is a significant part of the Valley of Fire portfolio, is designed to enhance energy resilience by integrating both solar (690 MW) and battery storage (380 MW), making it one of the most notable facilities in the region. Geographic Scope: The financing will support the development of a total of five projects across multiple states, including Nevada, Colorado, and Arizona. This geographic diversity is intended to capitalize on various regional resources and market opportunities. Development Timeline: Primergy Solar is aiming to have these projects commissioned progressively through 2030, aligning with broader industry goals for increasing renewable energy capacity and reducing carbon emissions. Market Impact: This financing deal underscores the growing investment in renewable energy technologies amid global efforts to combat climate change, reflecting a shift in the energy sector towards sustainable solutions. Importance of Storage: With a significant focus on battery storage, the deal highlights the importance of grid stability and reliability, enabling better management of solar energy supply and demand. Regulatory Support: The deal is likely to benefit from favorable regulatory environments in the states involved, as local governments and agencies increasingly support renewable energy initiatives through incentives and policy frameworks. Future Growth Potential: The success of the Valley of Fire financing deal may pave the way for further investment in similar renewable projects, potentially attracting more stakeholders interested in sustainable energy development. These details provide a comprehensive overview of Primergy Solar's significant financing deal for its Valley of Fire project portfolio, highlighting its scale and strategic importance in the clean energy sector.

Energy as part of a power acquisition agreement (PPA) in place for 25 years. Primergy was in charge of the growth of the project and oversaw its building and

solar power to Coloradoans who desire cleaner air, water and soil," stated Primergy CEO, Ty Daul. "Primergy thinks that thoroughly sited solar farms

USD 37 million (EUR 37.2 m) in tax obligation revenues over its lifespan, Primergy calculates. Given that authorization is approved, it prepares for that the

Primergy Solar LLC has announced the full commercial operation of its 100-MWac Prairie Mist solar farm in Ashley County, Arkansas. This facility, which is Primergy’s second project to begin operations in 2024, connects to Entergy’s transmission system and will supply power under a purchase agreement with Amazon. Additionally, capacity rights will be sold to the City of North Little Rock through a 20-year contract.The project's financing was secured in 2023, totaling $300 million in debt and tax equity. Primoris Renewable Energy served as the engineering, procurement, and construction contractor, creating approximately 200 jobs during construction and expected to generate $10 million in tax benefits for Ashley County over its operational lifetime. What are the key benefits and impacts of Primergy's Prairie Mist solar farm in Arkansas? Here are the key benefits and impacts of Primergy's Prairie Mist solar farm in Arkansas: Renewable Energy Generation: With a capacity of 100 MWac, the Prairie Mist solar farm contributes to the growing renewable energy portfolio in Arkansas, helping to reduce reliance on fossil fuels and lower greenhouse gas emissions. Sustainable Power Supply: The facility is set to provide a reliable supply of clean electricity to major companies like Amazon, supporting corporate sustainability goals and fostering a shift towards greener energy consumption. Local Economic Growth: The construction phase resulted in approximately 200 jobs, boosting the local economy and providing employment opportunities for residents in Ashley County. Long-term Revenue Generation: With the expectation of generating $10 million in tax benefits over its operational lifetime, the solar farm will contribute to local government funding for essential services such as education, infrastructure, and public safety. Community Engagement: By partnering with the City of North Little Rock to sell capacity rights through a 20-year contract, the project directly involves local governments and helps to ensure the sustainable development of community resources. Energy Independence: The solar farm enhances energy independence for Arkansas by diversifying the state’s energy mix and reducing dependence on out-of-state energy sources. Technological Advancement: The project showcases advancements in solar technology and energy storage solutions, positioning Arkansas as a contender in the renewable energy sector and encouraging future investments in similar projects. Reduced Energy Costs: By providing a stable and predictable source of energy, the Prairie Mist solar farm can help reduce energy costs for consumers and businesses in the region over time. Environmental Stewardship: The shift towards solar energy supports climate action initiatives and promotes environmental stewardship in the community, aligning with broader goals to combat climate change. Positive Social Impact: The implementation of sustainable energy solutions promotes awareness of environmental issues within the community, potentially leading to increased public support for future renewable energy initiatives and policies.

projects portfolio to a California-based solar and battery storage business, Primergy Solar LLC. Even after offering the portfolio, Avangrid will certainly

begins on Gemini solar-plus-storage in Nevada 25 January 2021: Primergy Solar has broken ground on what it thinks to be the biggest solar-plus-storage

Brotherhood of Electric Workers via a labor arrangement with project designer Primergy Solar and also will certainly give 16 permanent settings. The Iron Point

actually formerly authorized contracts with programmer Primergy to obtain the properties, which will incorporate 600MW of solar PV with 480MW of battery energy

Primergy Solar has actually participated in a sole battery supply agreement with Contemporary Amperex Technology (CATL) for the Gemini solar-storage project near Las Vegas. As soon as finished, the $1.2 bn Gemini facility will certainly be one of the largest functional solar-storage projects in the US with a 690MW solar array and also 1416 megawatt hours of storage space capability. Earlier this year, Primergy completed an extensive and also detailed purchase procedure as well as picked numerous internationally leading equipment suppliers as well as building companions for the Gemini project. Tan Libin, vice president of CATL, said: "Our company believe our teamwork on the Gemini Solar Project will certainly set a terrific instance for large-scale electrochemical energy storage applications, thus advertising global drive towards carbon nonpartisanship." Primergy designed a DC paired system for the Gemini project, which will certainly maximise performance from the teaming of the solar array with the CATL storage space system. CATL will supply Primergy Solar with EnerOne, a modular outdoor liquid cooling battery energy storage space system that features long service life, high assimilation, and also high level of safety. Ty Daul, Chief Executive Officer of Primergy, said: "The future of our nation's energy integrity and also resiliency depends on the mass deployment of battery storage space capacity that can provide regular power back into the grid when it's needed most. " Along with CATL, we are constructing a market leading and highly advanced battery storage system that can capture excess solar power throughout the day and store it for use in the early evening after the sunsets in Nevada."

Infrastructure Partners and Primergy Solar have actually shut almost $2bn in debt and also tax equity financing for the 966MW Gemini solar plus 380MW storage

capitalist Quinbrook Infrastructure Allies and also its portfolio firm Primergy Solar. APG will carry out the acquisition on behalf of its pension fund client