Terra-Gen closes financing for Lockhart III & IV solar project in US

US renewable energy producer Terra-Gen has closed project financing for the Lockhart III & IV solar development in San Bernardino County in the US state of California. The project’s total financing package amounts to $383.3m, comprising a $236.1m tax equity bridge loan, a $107.5m construction and term loan, and $39.7m in unfunded facilities. A consortium of four commercial banks, both US-based and global, will provide the funding for the project. These comprise Crédit Agricole Corporate and Investment B ...