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The projects, Tierra Seca and Seven Flags, each have a capacity of 100MW/200MWh. Spearmint Energy has successfully closed financing of more than $250m for two battery energy storage systems in the US state of Texas. The projects, Tierra Seca and Seven Flags, each have a capacity of 100MW/200 megawatt hours (MWh) and are currently under construction in Del Rio and Laredo respectively. The package includes $59m in construction-to-term loan facilities from Manulife, $95m in tax equity bridge loan (TEBL) facilities from East West Bank and Investec, and $98m in tax equity commitments from Sugar Creek Capital. |
