$2.4 billion in total project financing for the first solar energy projects to secure the “domestic content” and “energy community” adders with tax equity titans J.P. Morgan, Bank of America, Morgan Stanley, and Truist!
As soon as President Biden signed the Inflation Reduction Act into law, SB Energy responded by redesigning our projects and retooling our supply chain to create American jobs. Sourcing modules, steel, trackers, and other components locally is both good for the U.S. economy and allowed our projects to be on-budget and on-schedule.
We are especially proud that much of the steel was milled in the same location – Midlothian – as Google’s data center, which is receiving 942 MW of renewable power from these projects.
A huge team effort between our amazing tax equity partners, lenders MUFG, Mizuho, ING, SMBC Group, CIBC, Fifth Third Bank, and Societe Generale, long-term manufacturing partners First Solar and Nextracker Inc., and many others to bring these projects to fruition.
#solar #renewableenergy #jobs
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