Excelsior Energy Capital Closes USD $1.3 Billion Project Financing Package for the Faraday Solar Project
Excelsior Energy Capital announced today that it has closed a USD $1.3B financing package on the Faraday Solar project in Utah County, Utah.
- Excelsior Energy Capital announced today that it has closed a USD $1.3B financing package on the Faraday Solar project in Utah County, Utah.
- Excelsior acquired Faraday Solar earlier this year from Parasol and Clenera who developed the project.
- Faraday Solar is a 682.5 MW ground-mounted solar facility and is contracted under an investment grade long-term power purchase agreement.
- The Faraday investment is the largest single investment made by Excelsior’s first flagship fund, Excelsior Renewable Energy Investment Fund I (“Fund I”).