CRC-IB Advises Excelsior Energy on $1.3B Tax Equity and Debt Financing for 683MW Solar Project
Excelsior Energy Capital, a renewable energy infrastructure fund focused on middle-market investments in wind, solar and battery storage generation in North America, has closed on $1.3B in tax equity and debt financing for the 683MW Project Faraday Solar located in Utah County, Utah. CRC-IB acted as financial advisor to Excelsior on the transaction.
“This transaction commenced soon after the announcement of the IRA and required navigating through new guidance and optionality for solar tax equity financing,” said Britta von Oesen, CRC-IB Partner & Managing Director. “CRC-IB is thrilled to support Excelsior on Faraday Solar, one of the pioneering utility-scale solar transactions to utilize the solar PTC option in the wake of the IRA’s passage.”
For more information on this transaction, please contact Britta von Oesen.
For the full press release, please click here.
About Excelsior Energy Capital
Excelsior Energy Capital is a renewable energy infrastructure fund focused on middle-market investments in wind, solar and battery storage plants and businesses in North America. The Excelsior team brings over 100 years of combined experience and a comprehensive set of strategic, financial, legal and operational expertise; making Excelsior Energy Capital a valuable partner for developers and operators, and a trusted manager for investors. For more information, visit https://www.excelsiorcapital.com.