Project Finance Brief: Jupiter Secures $70 Million for 320 MWh Storage Projects
Modus Asset Management acquires 55 MW of solar projects in Latvia
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Jupiter Power, an energy storage project developer, secured a $70.4 million construction and term loan financing facility for two standalone battery energy storage projects in Texas, totaling 160 MW/ 320 MWh. Through its Energy Finance group, First Citizens acted as Coordinating Lead Arranger on the construction and term loan financing facility for the standalone battery energy storage system projects. BankUnited, and Siemens Financial Services were Joint Lead Arrangers.
