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Project Finance Brief: Primergy Secures $225 Million in Financing for Valley of Fire Portfolio

Lightsource bp secures equity financing for 288 MW solar portfolio

November 6, 2024

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Primergy Solar, a developer of distributed and utility-scale solar and battery storage projects, announced closing $225 million in project financing for developing its Valley of Fire portfolio. The funding comprises a $125 million tax credit sale for the Gemini Solar + Storage project and a $100 million revolving credit facility from Rabobank for the continued development of the other VoF projects.

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