Secures $183 Million in Project Financing and Tax Equity for Merchant Storage Project in Texas
Summary
This transaction highlights the longstanding relationship between our firms and our ability to work together on creative financing structures to advance our shared commitment to the clean energy transition. Nord/LB is proud to be a trusted partner, leveraging our ERCOT market knowledge and battery storage expertise, to bring this transaction to a successful close.Peter DeFazio, Managing Partner of Greenprint Capital, said, The Fort Duncan Storage project exemplifies how strategic investments in clean energy infrastructure can enhance grid reliability while generating strong financial returns. The firm focuses on efficiently managing and deploying capital into climate-positive energy infrastructure projects, aiming to balance financial returns, reduce tax liabilities, and achieve sustainable impact. By acquiring and structuring investments in renewable energy projects, Greenprint enables co-investors, lenders, and tax credit purchasers to participate in these opportunities. Through its subsidiary e-STORAGE, Canadian Solar has shipped over 8 GWh of battery energy storage solutions to global markets as of September 30, 2024, boasting a US$3.2 billion contracted backlog as of November 30, 2024.