Forbright arranges debt for 73 MW of Infinigen solar capacity in Puerto Rico

Infinigen Renewables, a renewable energy platform launched by private equity firm ArcLight Capital Partners LLC in late 2021, has secured financing for two operational solar parks in Puerto Rico with a combined capacity of about 73 MW.

This was announced on Wednesday by Forbright Bank, which raised and syndicated debt facilities for the subsidiary of ArcLight Energy Partners Fund VII LP. The exact size of these facilities was not disclosed.

“Forbright and its syndicate partners provided Infinigen capital that will allow the Infinigen platform to develop additional solar projects in Puerto Rico,” commented Gavin Danaher, Partner at ArcLight.

The two solar parks, Oriana and Horizon, are located in Isabela and Salinas, respectively. Both are fully contracted under long-term power purchase agreements with Puerto Rico Electric Power Authority (PREPA).

Choose your newsletter by Renewables Now. Join for free!