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Leeward secures $580m tax equity for US duo

RICHARD HEAP

November 17, 2023

Leeward Renewable Energy has gained $580m tax equity and debt facilities for its 179MW White Wing Ranch Solar and 80MW GSG Wind projects in Arizona and Illinois.

The firm is due to complete the repowering of the 80MW GSG Wind project next month; and its new-build White Wing Ranch project in the second half of 2024. The tax equity commitment was made by Wells Fargo, and the debt facility was provided by Mizuho Bank, National Bank of Canada, Société Générale and Sumitomo Mitsui Trust Bank.

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