Paz Oil, Arava Power, and Menora Mivtachim secure a $144M tax equity bridge loan for the 272 MW Sunray Project in Texas. The project qualifies for a 10% community energy adder under the Inflation Reduction Act. The financing, supported by a major US financial institution and a leading technology company, aids project construction and operation. Nomura Securities International served as sole bookrunner and arranger, structuring a unique financing solution for the entry of Arava Power, Paz Oil, and Menora into the US market.
Paz Oil and Partners secure $144M financing for Texas Pv power project
