Matrix Renewables secures financing for US projects and hires GES to build power plants in Spain

Global Energy Services (GES) has won a contract for the construction of three photovoltaic solar power plants in Huelva, Spain. Image: GES.

Spanish developer Matrix Renewables has signed its first equity financing in the United States for two solar PV and energy storage system (ESS) projects in California.

The solar photovoltaic projects, Gaskell West 2 and 3, will have a total capacity of 143 MWdp and will incorporate an ESS of 80 MWh, while the tax equity will be provided by a subsidiary of Bank of America for a value of 92 million dollars.

The developer had already entered into five long-term power purchase agreements with California utilities and cities for the plants, which it acquired from Canadian Solar in April.

With construction underway, the factories are expected to be operational by the end of 2022.

Cindy Tindell, Managing Director and U.S. Head of Matrix Renewables, said, “The team has achieved another milestone for Matrix Renewables by signing our first U.S. tax fairness pledge for our flagship energy project. Gaskell Solar. We are grateful to have the continued support of our financial partner Bank of America.

Meanwhile, in Europe, Matrix Renewables has awarded Spanish renewable energy company Global Energy Services (GES) a contract to build three solar power plants in Huelva, Spain.

The total capacity of the projects will be 129 MWp, with delivery scheduled for the first quarter of 2023.

About Florence L. Silvia

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