- Published: 17 November 2023 17 November 2023
Leeward Renewable Energy (LRE) has announced it has closed approximately $580 million of tax equity commitments and debt facilities, for its White Wing Ranch Solar and GSG Wind projects located in Yuma County, Arizona and LaSalle County, Illinois, USA, respectively.
The tax equity commitment was made by Wells Fargo Bank, N.A., and the debt facility was provided by Mizuho Bank, Ltd., National Bank of Canada, Société Générale, and Sumitomo Mitsui Trust Bank, Ltd. The repowered GSG Wind is expected to be operational in December 2023. LRE recently decommissioned the 40 turbines that comprised LRE’s legacy 80-megawatt (MW) wind facility and commenced construction on 26 new turbines. White Wing Ranch Solar is expected to be operational in the second half of 2024 and onsite construction has been underway on the 179-MW facility.