Birch Creek Energy, a St. Louis-based renewable energy company, completed the financing and full operation of Altona Solar, a 42MW utility scale solar project based in Missouri.
“We cannot thank our financing partners enough for their invaluable support as we complete our first project in our home state of Missouri,” Max Whitacre, executive vice president of project finance for Birch Creek, said. “It is such a pleasure working with the Celtic and West Town teams, and we look forward to continued financings with both relationships as we continue to build out our IPP.”
Tax equity was provided by Celtic Bank, which, in addition to providing financing for this project, participated on the previously completed Earp project. Permanent debt was provided by West Town Bank.
“Celtic Bank is honored to reinforce our commitment to the renewable energy sector by providing tax equity for Birch Creek’s impactful projects,” Justin Fuller, senior vice president of renewable energy finance at Celtic Bank, said. “Our focus on strategic lending and investing in the renewable energy sector aligns perfectly with Birch Creek’s ambitious utility-scale solar and storage projects. We are confident that our continued financial partnership will facilitate the successful realization of these and future projects.”
“We are proud to support the clean energy infrastructure Birch Creek is developing in the state of Missouri,” Riddick Skinner, executive vice president of government lending at West Town Bank, said. “The success of our industry banks on strong partnerships, and we look forward to continuing to support Birch Creek alongside their partners as they grow through the Altona project.”
