• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Corporate News
  • Generation
  • Oil & Gas
  • Regulation
  • Renewable
    • Climate
    • Solar
    • Wind
  • Storage
  • Tech
  • T & D
Energy News Desk Logo

Energy News Desk

Energy News and Data

Idemitsu Renewables Closes on Debt Financing for California Solar Project

June 29, 2020 by Solar Industry Mag

Idemitsu Renewables, a U.S.-based renewable energy business of Idemitsu Kosan Co. Ltd., has closed on debt financing for its 50 MWp Central 40 solar project in Stanislaus County, Calif.

Debt financing was provided by KeyBank National Association. KeyBanc Capital Markets served as sole arranger of the financing.

“This project expands Idemitsu Renewables’ operating business in California,” says Cary Vandenberg, managing director of Idemitsu Renewables. 

“We were happy to build upon our existing relationship with KeyBank and to close a successful transaction even amidst the difficulty of the current COVID environment,” adds Vandenberg.

The renewable power generated by Central 40 will be sold through a power purchase agreement with Silicon Valley Power, which serves the city of Santa Clara.

Photo: An Idemitsu Kosan Co. Ltd. Japanese solar project

Filed Under: Renewable, Solar

Primary Sidebar

Join The Daily Charge

This week's top 5 stories in your inbox. No spam ever.

Trending

  • Apollo Makes Structured Investment in U.S. Wind Inc.
  • Offshore Wind Industry Needs 77,000 Trained Workers by 2024
  • Enel Starts Construction on Lily Solar+Storage Project
  • eia.gov logo U.S. liquefied natural gas exports remain at low levels this summer
  • The Canadian Renewable Energy Association Names President and CEO
  • UMD Researchers Receive Grant to Examine Solar, Agriculture
  • Carbon Trust: 70 GW of Floating Wind Capacity by 2040
  • LineVision, OSIsoft Partner to Improve Grid Resiliency
  • Louisiana lawmaker paid to push proposed pipeline through Black, Indigenous communities
  • New Subcommittee Focuses on Hybrid Resource Needs

Footer

Trending

  • Apollo Makes Structured Investment in U.S. Wind Inc.
  • Offshore Wind Industry Needs 77,000 Trained Workers by 2024
  • Enel Starts Construction on Lily Solar+Storage Project
  • U.S. liquefied natural gas exports remain at low levels this summer
  • The Canadian Renewable Energy Association Names President and CEO

Recent

  • Quick Tips To A Sustainable Future
  • Stem Provides Smart Energy Storage Solutions to Today’s Power
  • EIA's AEO2021 shows U.S. energy-related CO2 emissions rising after the mid-2030s
  • Homeowners associations still a barrier for some would-be solar customers
  • Commentary: With open standards, U.S. can build EV charging infrastructure faster

Search

Contact Us

Write For Us

  • Email
  • Facebook
  • Twitter

Copyright © 2023 · EnergyNewsDesk.com