GREEN & CLEAN POWER SECURES FINANCING FOR SOLAR AND ENERGY STORAGE PROJECT IN ARKANSAS [Yahoo! Finance]
Quanta Services, Inc. (PWR)
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Source: Yahoo! Finance
OSCEOLA, Ark. Dec. 3, 2024 /PRNewswire/ -- Newly formed Green & Clean Power LLC (GCP) announced today that it successfully raised approximately $300 million of debt and equity financing to build and operate a solar energy generation and battery storage facility on nearly 500 acres of property in Osceola, Arkansas . KfW IPEX-Bank provided approximately $165 million in construction debt financing with Aurora Energy Research serving as its Market Advisor. The Arkansas Teacher Retirement System (ATRS) provided an additional $100 million in a takeout financing commitment. GCP's facility is already under construction with completion expected by fall of 2025. "The sustainable production and recycling of steel plays a key role in global decarbonization," stated Dr. Velibor Marjanovic , Member of the Management Board of KfW IPEX-Bank. "After providing financing for the Hybar rebar mill in 2023, we're delighted to now support the clean power supply for this flagship project. With this financ
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PWR
Earnings
- 10/31/24 - Beat
PWR
Sec Filings
- 12/4/24 - Form 4
- 10/31/24 - Form 10-Q
- 10/31/24 - Form 8-K
- PWR's page on the SEC website