US-based Earthrise Energy, an independent power producer, has secured $630 million in tax equity and debt financing. The funds support its 270 MW (AC) Gibson City Solar project in Illinois’ MISO power market. The project is expected to reach commercial operation in 2026. The financing structure includes a construction-to-term loan, a tax equity bridge loan, and a letter of credit facility. BBVA, Intesa Sanpaolo, and Nord/LB acted as Coordinating Lead Arrangers. A Fortune 500 telecommunications firm provided the tax equity commitment. The solar project will share interconnection infrastructure with Earthrise’s existing thermal power plant. It uses surplus interconnection service already in place. This approach allows for faster and more efficient deployment.Gibson City Solar is among the first projects to use the Illinois Power Agency’s Indexed Renewable Energy Credit offtake contract. Marathon Capital served as an exclusive financial advisor to Earthrise. Latham & Watkins, Milbank, and Akin Gump provided legal counsel.