Longroad Energy Closes Financing of Serrano, a 220 MWdc Solar and 214 MWac / 855 MWh Storage Project
BOSTON, March 12, 2024 /PRNewswire/ -- Longroad Energy, a U.S. based renewable energy developer, owner and operator, announced today the financial close of Serrano, its 220 MWdc solar and 214 MWac / 855 MWh storage project in Pinal and Pima Counties, Arizona. Serrano is Longroad's first project to utilize First Solar's domestically manufactured Series 7 panels. The project has commenced construction and commercial operations for Serrano is currently expected by mid-2025.
- BOSTON, March 12, 2024 /PRNewswire/ -- Longroad Energy , a U.S. based renewable energy developer, owner and operator, announced today the financial close of Serrano, its 220 MWdc solar and 214 MWac / 855 MWh storage project in Pinal and Pima Counties, Arizona.
- "Longroad is pleased that our Serrano project has achieved the milestones of financial closure and commencement of construction," said Paul Gaynor, CEO of Longroad Energy.
- "That Longroad has successfully closed financing is a testament to the bankability of the project and the solar module technology powering it."
- Serrano's 214 MWac / 855 MWh battery energy storage system (BESS) will be provided by U.S.-based energy storage platform provider Powin.