Adapture Renewables, a US based utility scale solar developer, closed $233 million in tax equity financing from US Bank. The financing covered two solar projects within the Titanium portfolio located in Illinois and Arkansas. The financing supported part of the 441 MW utility-scale portfolio, one of the company’s largest projects to date. The transaction followed a previously announced $321 million construction and tax credit bridge facility with MUFG covering the broader Titanium portfolio. The construction of the multi-site projects began in September 2024, and initial projects were expected to reach commercial operation later in 2026. Upon completion, the portfolio were expected to add 441 MW of generation
Adapture Renewables closes $233M Titanium solar financing
US Bank provided $233 million in tax equity financing to Adapture Renewables for two Titanium solar projects in Illinois and Arkansas within a 441 MW portfolio.
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