sPower closed on the debt financing and tax equity commitment for Prevailing Wind Park based in in South Dakota. HSBC and CIBC are lenders for the approximately $319 million construction/term facility are.
sPower, a private owner of utility-scale solar operating assets, completed a $434 million tax equity investment and construction/term loan. KeyBanc Capital Markets acted as coordinating lead arranger.
sPower has closed a $48 million debt transaction with National Australia Bank on the financing of its UK portfolio of operating solar assets.