SPEARMINT ENERGY SECURES $250M FOR TWO BATTERY STORAGE PROJECTS IN TEXAS
https://s.yimg.com/ny/api/res/1.2/ZbY4ITaZdVSxCbedkV67SQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/power_technology_866/f1daf55b2a878c580ee57323ca812cea
✍️ Spearmint Energy has secured over $250 million in financing for two battery energy storage systems in Texas, with a total capacity of 200MW/400MWh.
👉 Spearmint Energy has secured over $250 million in financing for two battery energy storage systems in Texas 👉 The projects, Tierra Seca and Seven Flags, have a total capacity of 200MW/400MWh 👉 The financing package includes $59m in construction-to-term loan facilities from Manulife, $95m in tax equity bridge loan facilities from East West Bank and Investec, and $98m in tax equity commitments from Sugar Creek Capital 👉 The projects will use the PowerTitan 2.0 energy storage platform from Sungrow Power Supply 👉 The projects will contribute more than 200MW/400MWh of storage capacity to the Electric Reliability Council of Texas (ERCOT) grid
-- #AndrewWaranch #CoryMagnuson #Texas #DelRio #Laredo #energy
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