EDF Power Solutions North America Secures Financing for 300 MWac Utah Solar 1 Project
EDF Power Solutions North America has secured financing for Utah Solar 1, a photovoltaic project in Millard County, Utah, according to Clifford Chance, which advised the developer on the transaction.
The plant is sized at 300 MWac / 394.44 MWdc and is underpinned by a 30-year power purchase agreement with Southern California Public Power Authority for participating member Los Angeles Department of Water and Power, per Clifford Chance.
Annual output is expected to reach approximately 766,000 MWh, the law firm said.
Secured credit facilities were provided by Crédit Agricole Corporate and Investment Bank, MUFG Bank, National Bank of Canada, Société Générale and Standard Chartered Bank, according to Clifford Chance.
Source: energydigital.com (opens in a new tab)2 sourcesPermalink