CRC-IB Advises Estuary Power on Tax Equity Financing for 185MW Solar / 400MWh Battery Storage Project
Estuary Power, a developer, owner and operator of large-scale energy generation and storage projects in the western United States, has closed on a tax equity commitment for the Escape Solar and Storage project, a 185MW solar / 400MWh battery energy storage project in Lincoln County, Nevada. Currently under construction with operations commencing in 2025, the project will provide much-needed jobs, clean energy and increased tax revenue to the local community.
CRC-IB served as financial advisor to Estuary Power on the transaction.
“This transaction combines efficient, cooperative capital and supports the growth of essential solar and battery storage in the western U.S.,” said Andy Nguyen, CRC-IB Managing Director and deal lead. “It’s our privilege to work on this strategic project with Estuary Power and help deliver clean energy to its customers.”
“It was a pleasure to work with CRC-IB on our Escape project, Estuary Power’s first project as a team and with Ullico,” said Ian Daniel, Executive Vice President of Estuary. “CRC-IB worked tirelessly to generate numerous options for us and help us find the perfect fit. Their knowledge, creativity, and professionalism created a successful outcome for our project.”
For more information on this transaction, please contact Andy Nguyen.
About Estuary Power
Estuary Power, based in Reno, Nevada, develops, owns, and operates large-scale energy generation and storage projects in the western United States. Estuary has a successful track record of delivering energy to investor-owned utilities, cooperative utilities, data centers, mines, and other large industrial power users. Estuary is a majority woman-owned business with financial backing from Ullico Infrastructure Fund (“UIF”), a $5.5 billion infrastructure fund focused on the development and refurbishment of U.S. infrastructure. UIF’s investors are primarily union pension funds, including several Nevada unions. Estuary’s Responsible Contractor Policy ensures creation of well-paying, rewarding union jobs.
