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$2.6 Billion Committed to New Solar Projects in Texas, California

November 18, 2021

A company that invests in clean energy projects to serve customers interested in low-carbon sources of electricity announced it has closed eight separate deals, representing a total of $2.6 billion in financing commitments for construction and operation of six late-stage solar energy projects with 2.2 GW of generation capacity in California and Texas.

Intersect Power on Nov. 18 said the projects show that innovative financing can enable “more valuable offtake structures” for such installations when compared to longer-term offtake contracts.

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