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)
Aiming to support Malaysia’s 31% renewable goal by 2025, Masdar’s study could pave the way for large-scale floating solar in Southeast Asia. (Image Source: Masdar)
Avangrid’s Camino Solar project will generate power for approximately 14,000 US homes and is expected to create $15 million in local tax revenue. (Image Source: Avangrid)
Poland’s solar sector is set to benefit from Suntech’s advanced TOPCon modules under a new 200 MW distribution partnership. (Image Source: Suntech/ Linkedin)
Telecrown’s order from RRP Semiconductor includes silicon solar cells and polycrystalline materials for Maharashtra’s growing renewable energy sector. (Image Credit/Source: fietzfotos/Pixabay)