Published by Todd Bush on June 7, 2023
OAKLAND, Calif., June 6, 2023 /PRNewswire/ -- Intersect Power, LLC, ("Intersect Power"), announced the commercial operation of its Radian solar project, located in Brown County, TX, on May 16, 2023. The Radian solar project:
"Renewable energy is a critical piece of the overall American energy production story. Investing in clean energy is a smart business decision and Texas continues to lead the way in strong investments, development and production," said Sheldon Kimber, Intersect Power's CEO. "Texas clean energy production has spurred significant economic development and job creation in the state while bringing energy security and independence to the U.S."
The 415 MWp/320 MWac Radian Solar project reached commercial operation on May 16, 2023, and is part of Intersect Power’s near-term portfolio totaling 2.2 GW of solar PV and 1.4 GWh of co-located storage. The remainder of the portfolio will be operational in 2023.
Intersect Power's Radian Solar project located in Brown County, TX, generates 415 MWp/320 MWac of solar energy, enough to power more than 114,000 homes.
The Radian solar project is part of Intersect Power's near-term portfolio totaling 2.2 GW of solar PV and 1.4 GWh of co-located storage. The entire portfolio will be operational by the end of 2023.
Intersect Power secured funding for the project's construction and operations as part of the broader portfolio financing announced in November 2021, when Intersect Power closed on portfolio level term debt, tax equity and construction financing commitments from leading financial institutions and investors. Investors included Bank of America and Apple, supported by an innovative offtake structure with Merrill Lynch Commodities. Certain funds and accounts managed by HPS Investment Partners, LLC and various co-investors invested in the portfolio term debt. Construction debt was provided by Coordinating Lead Arrangers MUFG and Santander Corporate & Investment Banking; along with Cobank, ACB; KeyBanc Capital Markets; Helaba; and Nord LB as Joint Lead Arrangers.
Intersect Power is a clean energy company bringing innovative and scalable low-carbon solutions to its global customers. The company develops some of the world's largest clean energy resources providing low-carbon electricity, fuels, and related products to its customers. Intersect Power has a base portfolio of 2.2 GW of solar PV and 1.4 GWh of co-located storage that is in operation or late-stage construction. The company's business plan includes growth in grid-tied renewables, as well as large-scale clean energy assets such as green hydrogen. To learn more about Intersect Power, visit www.intersectpower.com.
SOURCE Intersect Power, LLC
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ⚡ Energy Department Removes Barriers for American Energy Producers, Unleashing Investment in Domestic Hydrogen 🛳️ MASH Makes Powers First Vessel Trial With Biofuel From a Carbon-...
Inside This Issue 🛢️ Conestoga Energy Completes Drilling of Class VI Carbon Capture & Sequestration Well, Advances Toward EPA Application 🏗️ How Microsoft and Sublime Systems Are Reinventing C...
Inside This Issue 💸 EDF Slams Repeal of 45V Hydrogen Credit, Citing $32Bn in Higher Household Energy Costs and Job Losses 🤝 Johnson Matthey to Sell Blue Hydrogen Business to Honeywell as Part of £...
The U.S. Department of Energy’s (DOE) Hydrogen and Fuel Cell Technologies Office today removed barriers for the American hydrogen industry by updating its 45VH2-GREET modeling tool. The latest vers...
NETL Patents New Process for Extracting Critical Resources from Coal Fly Ash at High Quantities
NETL researchers developed a new process for extracting economically and strategically vital rare earth elements (REE) and critical minerals (CM) from America’s coal fly ash at high quantities and ...
World’s First Plant That Captures CO2 From Air to Make Building Materials Opens
Aggregates produced using CO2 captured by Mission Zero Technologies ‘Direct Air Capture’ technology (Image courtesy of Mission Zero Technologies) A demonstration project that uses direct air captu...
Plug Power’s Georgia Hydrogen Plant Sets U.S. Production Record Using Plug Electrolyzer Technology
April 2025 Marks Industry-Leading Milestone with 300 Metric Tons of Liquid Hydrogen Produced WOODBINE, Ga., -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions, ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.