BrightNight and Cordelio Power have secured a $414 million construction credit facility for their 300 MW Box Canyon solar project in Pinal County, Arizona. Project construction began in December 2023, with operations slated to commence in the first half of 2025. The project, supported by a 20-year PPA with the Southwest Public Power Agency, is expected to provide electricity for 77,000 homes annually and reduce CO2 emissions by around 600 metric tons per hour. Blattner serves as the project’s EPC contractor. Utilizing BrightNight’s PowerAlpha platform, the project is optimized for performance and cost-effectiveness. Zions Bancorporation acted as the Administrative Agent and Coordinating Lead Arranger.
BrightNight & Cordelio Power secure $414 million for Box Canyon Solar
BrightNight and Cordelio Power have secured a $414 million credit facility for their Box Canyon solar project in Arizona. (Image Credit: BrightNight)
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)