NIMH Solar

NIMH Solar PV Solar Portfolio - Refinancing

Borrower (s)
NIMH Solar
Industry
Renewables/PV solar
Area of finance
Project & Infrastructure Finance
Region
North America
Countries
United States

Deal Overview

Financing for Sponsor’s portfolio restructuring of three operating solar projects totaling 109MW: Solar Alpine, LLC (66 MW), Solar Blythe, LLC (21 MW) and Solar Roadrunner, LLC (20 MW). The projects achieved COD in 2013, 2009, and 2011, respectively, and all utilize First Solar PV technology...

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Financing for Sponsor’s portfolio restructuring of three operating solar projects totaling 109MW: Solar Alpine, LLC (66 MW), Solar Blythe, LLC (21 MW) and Solar Roadrunner, LLC (20 MW). The projects achieved COD in 2013, 2009, and 2011, respectively, and all utilize First Solar PV technology The Projects are fully contracted at fixed prices for 100% of their output under separate fixed-rate, long-term power purchase agreements, each with investment grade, regulated utility companies: Blythe has a PPA with Southern California Edison Company (BBB/Baa2) through December 2029, Roadrunner has a PPA with El Paso Electric Company (BBB/Baa2) through August 2031 and Alpine has a PPA with Pacific Gas and Electric Company through January 2033. The four-year mini-perm financing consolidates and pays-off the existing individual project-level financings in place at each of the projects into a single borrower.

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Deal Volume
$209.61m
Financial Close
30 September 2020
Sources
Submitted by participant(s), Proximo article

All Dealmakers

Makela Hughes

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Tranches


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Projects

NIMH Solar PV Solar Portfolio

Greenfield
PV solar
North America
United States
$209.61m