Linea Energy Closes Project Debt Financing for Pineview Solar in Georgia
First Citizens BancShares, Inc. - Class A (FCNCA)
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firstcitizens.com/about/who-we-are/annual-report
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Source: PR Newswire
SAN FRANCISCO, Jan. 8, 2025 /PRNewswire/ -- Linea Energy ("Linea"), a renewables-focused developer and independent power producer that is sponsored by EnCap Investments L.P. ("EnCap"), is pleased to announce closing of project debt financing for its Pineview Solar project ("Pineview") this past December. Pineview is a 109MWdc utility-scale solar energy facility located in Wilcox County, Georgia.The Pineview debt financing comprises a construction-to-term loan, a tax equity bridge loan, and a letter of credit facility. The financing is provided by a syndicate of lenders led by First Citizens Bank ("First Citizens") and Norddeutsche Landesbank Girozentrale ("NORD/LB")."We are proud to announce the debt financing of Pineview," said Cassidy DeLine, Chief Executive Officer of Linea Energy. "The financing is a critical step in the advancement of the Pineview project. The capital provided by First Citizens and NORD/LB will enable us to supply clean, reliable solar power to Georgia while cont
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