Clearway closes debt financing for 192-MW solar park

Solar panels. Featured Image: pornvit_v/Shutterstock.com

March 12 (Renewables Now) - Clearway Energy Group LLC, a US renewable energy generation and distribution company, said on Wednesday it has secured the needed debt financing for its 192-MW Rosamond Central photovoltaic (PV) project in California.

NORD/LB Norddeutsche Landesbank was the coordinating lead arranger with CIT and Zions Bank serving as joint lead arrangers.

McCarthy Building Companies is in charge of the construction of the park, scheduled to be completed by the end of the year. Located in Kern County, Rosamond Central has power sale agreements with several state municipalities and community choice aggregators (CCA), including East Bay Community Energy and Clean Power Alliance.

Clearway has over 1,500 MW of operating renewable assets across the state, of which 947 MW are based in Kern County alone.

(USD 1 = EUR 0.888)

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