Project Finance Brief: Terra-Gen Raises $959 Million for Solar Storage Projects

Matrix Renewables acquires 4.6 GW portfolio of solar projects

September 21, 2022

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Terra-Gen, an independent renewable energy provider, raised $959 million in financing for the second phase of its Edwards Sanborn solar storage project in Kern County, California. This phase of the Edwards Sanborn Solar Storage facility comprises 410 MWac of  nameplate solar capacity and 1,786 MWh of battery storage. Terra-Gen expects the solar portion of the second phase to come online in the third and fourth quarters of 2022, with the battery storage scheduled to be fully operational by the third quarter of 2023.

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