Longroad Energy has achieved financial close and started construction of the 1000 Mile Solar project in Yoakum County, Texas. The financing structure includes tax equity commitment from Morgan Stanley Renewables Inc. and debt financing from Societe Generale and CIBC, with further participation from ANZ, Barclays, and Key Bank. The project will have a capacity of 400 MWdc.
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Longroad Energy has inked a long-term Power Purchase Agreement (PPA) with Meta for the entire output produced by the solar project 1000 Mile. It is a 300 MWac solar project located in Yoakum County, Texas. The energy produced from this project will be supplied to the southwest power pool grid. It will contribute to meeting the energy needs of Meta’s data center operations.
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Longroad Energy has successfully closed the financial deal for its Serrano project, a solar and storage project comprising 220 MWdc solar and 214 MWac / 855 MWh in Pinal and Pima Counties, Arizona. Making use of domestically produced Series 7 panels from First Solar, construction has already started, with commercial operations set to begin by mid-2025.
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Longroad Energy, a US-based renewable developer, has reached financial close on Sun Streams III, a 285 MWdc photovoltaic (PV) and 215 MWac/860 MWh storage project. The Sun Streams III project, which is situated in Maricopa County, Arizona, is anticipated to start operating in 2024. The project’s debt financing was led by CIBC and Keybank, with participation from ANZ, Commerzbank, PNC, and Silicon Valley Bank.
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