National Renewable Solutions Secures $145 Million in Project Financing for New Mexico Shallow Basket Project [Yahoo! Finance]
Blackrock Health Sciences Trust (BME)
US:NYSE Investor Relations:
blackrock.com/investing/products/240227/blackrock-health-sciences-trust-usd-fund
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Source: Yahoo! Finance
Nov. 19, 2024 /PRNewswire/ -- National Renewable Solutions ("NRS"), a US-based renewable energy developer, owner and operator, announced today that it has closed $145 million in project financing for its 140 MWac solar and 50 MW storage project located in Rio Arriba County, New Mexico , about 30 miles west of Cuba, NM (the "Shallow Basket Project"). The Shallow Basket Project is under construction and is expected to be operational in 2025. Deutsche Bank provided the construction financing. Guzman Energy will purchase 100 percent of the power and associated renewable attributes. An experienced developer with more than 1.2 GW of projects commercialized, NRS developed Shallow Basket Project and will continue to own and operate the project, marking the company's first project to finance and manage. "We are proud to support NRS with the financing of the Shallow Basket Project," said Jeremy Eisman , Head of Infrastructure & Energy Financing at Deutsche Bank . "This project builds on Deu
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