Project Finance Brief: Leeward Secures $280 Million for 200 MW Solar Project

Photon secures $23 million for 32 MW solar projects

March 23, 2023

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Leeward Renewable Energy, a renewable energy project developer, closed $280 million in financing for its 200 MW Horizon solar project in Frio County, Texas. The financing consists of $75 million in construction-to-term from MUFG Bank and a $105 million tax equity commitment from Wells Fargo. MUFG served as the Green Loan Structuring Agent, Coordinating Lead Arranger, and Administrative Agent for the construction to term financing, arranging financing commitments from eight financial institutions and Export Development Canada.

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