Invenergy obtains tax equity financing for 200-MW solar project in Texas

US clean energy developer Invenergy has arranged nearly USD 170 million (EUR 153.4m) in tax equity financing for its 200-MW Samson Solar Energy Center II project in Lamar County, Texas.

The financing was closed in partnership with investment firm Monarch Private Capital which acted as the exclusive financial advisor to Invenergy on the transaction, a press statement says.

The Samson Solar Energy Center II is planned to start commercial operations later in 2024. Once commissioned, it is expected to produce enough clean electricity to power more than 40,000 homes annually.

The project is part of Invenergy’s five-phase Samson Solar Energy Center which is described as the largest solar energy centre in Texas. The entire complex targets a capacity of 1,310 MW.

US utility WEC Energy Group has been attracted as an investor in two of Samson Solar Energy Center’s phases.

(USD 1 = EUR 0.902)

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