Primergy Solar secures credit line from Rabobank

Solar and energy storage developer Primergy Solar said it closed with Rabobank a $75 million revolving credit facility with the option to increase it up to $200 million. 

The facility is expected to be used to support the company’s solar and solar+storage project development pipeline across the U.S.

Its near-term portfolio tops 3.2 GW of solar PV and some 2.3 GW of storage projects targeting operational dates through 2026. Another 5 GW of solar PV and 4.3 GW of storage projects are planned for operational dates after 2026.

Among other projects across 17 states, the company is developing the 690 MW PV plus 1,416 MWhr BESS Gemini project near Las Vegas Nevada.

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Author: Renewable Energy World