Lydian Energy Secures $689 Million for Solar and Battery Storage Projects

The full-stack financing is led by CIBC and MUFG.

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Lydian Energy, an independent power producer, closed a $689 million financing for two solar and one battery storage projects located across three states in the U.S. The full-stack financing, backed by CIBC and MUFG, comprises a construction-to-term loan, a tax credit bridge loan, a co-investment bridge loan, and a letter of credit facility.

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