HOUSTON, April 19, 2022 /PRNewswire/ —Â Old Texas rice fields quickly can be harvesting one thing new as a $145 million clear vitality challenge nears completion thanks to a large last funding.
Twain Financial Partners has closed on $42 million in financing to full the Longbow Solar challenge, a large ground-mounted photo voltaic photovoltaic (PV) vitality system in Brazoria County, Texas, simply southwest of Houston.
Twain’s $42 million dedication, its largest photo voltaic mortgage to date, is a part of its current dedication to finance $1 billion price of latest renewable tasks over the subsequent three years.
“Renewable energy investment is a fast-growing segment of our business, and the Longbow project helps highlight our capabilities in that space,” stated Michael Park, who not too long ago joined Twain as its Director of Renewable Energy. “I fully anticipate Twain will announce funding commitments for a number of similar projects in the coming months.”
The Longbow Solar challenge is being co-developed by Clean Capital Partners and Aspen Creek. The challenge, which is on schedule to be positioned into service by August 2022, can be an enormous win for Brazoria County residents and companies. An influence buy settlement will enable for the sale of many of the generated energy to a distributing firm at a value that’s lower than one-third of the present market charges for Texas residential electrical energy clients.
ABOUT TWAIN FINANCIAL PARTNERS
Twain Financial Partners is a full-service specialty finance agency with $4 billion in property beneath administration offering a full vary of capital wants to actual property and renewable vitality developments all through the United States. Founded in 2013, the agency is predicated in St Louis, Missouri, and maintains places of work throughout the nation. https://twainfinancial.com/
SOURCE Twain Financial Partners
