The GE unit has made a tax equity investment in the project, the second with Recurrent in two months. In November, it invested tax equity in the nearby 100MW (ac) Astoria PV facility.
Recurrent is utilizing GE 1500V inverters for both projects that are due to reach commercial operation in the fourth quarter.
Santander Bank NA was coordinating lead arranger of the bank club, which will provide project-level construction debt, a letter of credit facility and a back-leveraged term loan facility totaling $180m.
Santander,
