8minutenergy Renewables Completes Project Financing for Redwood 4 Solar Plant in California, US

Published: Sep 11 2017
Deal Summary

8minutenergy Renewables LLC, a renewable energy company, completed project financing for the construction and development of Redwood 4 solar plant in California, US. The financing was provided by Zions Bancorporation. The total installed capacity of the plant will be 26 MW.

The Zions Bancorporation has provided debt and a bridge loan as part of the financing. 8minutenergy will maintain ownership under the terms of the deal. The power generated by the plant will be sold to Pacific Gas and Electric Company (PG&E) under a power purchase agreement. Redwood 4 is the fourth 8minutenergy project in the combined 100 MW Redwood solar cluster near Bakersfield.

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