CohnReznick Capital Advises 7X Energy on Tax Equity Raise for 250MWAC Solar Project
CohnReznick Capital is pleased to announce that 7X Energy, Inc. (“7X”) has successfully closed on a tax equity commitment for its 250MWac Taygete I solar project from Nestlé. 7X, a leading independent power producer that develops, owns, and provides asset management services of utility-scale solar projects, is the owner-operator of Taygete I. Located in Pecos County, Texas, Taygete I is expected to reach full commercial operation in early 2021.
CohnReznick Capital acted as the exclusive financial advisor to 7X on the transaction.
Britta von Oesen, Managing Director at CohnReznick Capital, said, “7X is a best-in-class developer. We are thrilled to have advised them on the Taygete I financing and partnership with Nestlé, which furthers their commitment to providing greater access to clean energy.”
For additional details on this transaction, please contact:
Britta von Oesen
Managing Director
Britta.vonoesen@crc-ib.com
For the full press release, please click here.
About 7X Energy
7X Energy, Inc. (7X), is a leading independent power producer that develops, owns, and provides asset management services of utility-scale solar projects. The company is independently owned and consists of a diverse team of seasoned industry veterans, with over 10,000 MW of collective utility-scale development expertise. 7X has over 1,300 MW of solar projects that are operating or under construction and has a 4 GW development portfolio. 7X’s corporate office is located in Austin, Texas, with regional offices located in Denver, CO; San Francisco, CA; and Washington, D.C. For more information visit us at www.7x.energy or LinkedIn.
