التفاصيل البيبلوغرافية
| العنوان: |
Arevon inks Vikings solar-plus-storage project financing. |
| المؤلفون: |
Boyer, Natalie (AUTHOR) |
| المصدر: |
IJGlobal. 11/27/2023, pN.PAG-N.PAG. 1p. |
| مصطلحات موضوعية: |
*POWER purchase agreements, *INHERITANCE & transfer tax, *POWER plants, VIKINGS, SELF-control |
| مصطلحات جغرافية: |
ARIZONA |
| الشركة/الكيان: |
J.P. Morgan Chase & Co. |
| مستخلص: |
Renewables developer Arevon has secured a $529 million financing package, including a tax credit transfer agreement, for its Vikings solar-plus-storage project in California. The project consists of 157MW of solar generation and 150MW/600MWh battery energy storage, which will power up to 50,000 homes by the end of 2024. The financing includes a $338 million debt facility package and an agreement with JP Morgan to purchase $191 million of investment tax credits and production tax credits. This is one of the first utility-scale solar-plus-storage tax credit transfer agreements since the US Treasury announced guidance for tax transferability in June 2023. The Vikings power plant has a power purchase agreement with San Diego Community Power and is being constructed by SOLV Energy. Arevon Energy, based in Arizona, has 3.8GW of operating assets and a 5GW project pipeline in the US. [Extracted from the article] |
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| قاعدة البيانات: |
Business Source Index |
