$334 Million in Construction Financing Secured for Two Major Michigan Solar Projects
NorthStar Clean Energy has secured up to $334 million in construction-to-term financing for two major solar projects in Michigan. The projects include the 200 MW Branch Solar facility in Branch County and the 50 MW Genesee Solar project in Genesee County.
These facilities will collectively generate enough clean electricity to power approximately 36,000 homes annually. The financing was arranged through collaboration with lead arrangers BNP Paribas, MUFG, and SMBC, with legal advisory services provided by multiple law firms.
The Branch Solar project will become NorthStar's largest solar asset in Michigan, while the Genesee Solar project will be developed in a historically disenfranchised community, supporting local economic development and job creation.
NorthStar Clean Energy ha ottenuto fino a 334 milioni di dollari in finanziamenti per la costruzione di due importanti progetti solari in Michigan. I progetti includono l'impianto solare Branch Solar da 200 MW nella contea di Branch e il progetto solare Genesee Solar da 50 MW nella contea di Genesee.
Queste strutture genereranno collettivamente abbastanza elettricità pulita per alimentare circa 36.000 abitazioni all'anno. Il finanziamento è stato organizzato attraverso la collaborazione con gli arrangiatori principali BNP Paribas, MUFG e SMBC, con servizi di consulenza legale forniti da diversi studi legali.
Il progetto Branch Solar diventerà il più grande bene solare di NorthStar in Michigan, mentre il progetto Genesee Solar sarà sviluppato in una comunità storicamente svantaggiata, sostenendo lo sviluppo economico locale e la creazione di posti di lavoro.
NorthStar Clean Energy ha obtenido hasta 334 millones de dólares en financiamiento para la construcción de dos importantes proyectos solares en Michigan. Los proyectos incluyen la instalación solar Branch Solar de 200 MW en el condado de Branch y el proyecto solar Genesee Solar de 50 MW en el condado de Genesee.
Estas instalaciones generarán colectivamente suficiente electricidad limpia para abastecer aproximadamente 36,000 hogares anualmente. El financiamiento fue organizado a través de la colaboración con los organizadores principales BNP Paribas, MUFG y SMBC, con servicios de asesoría legal proporcionados por múltiples firmas de abogados.
El proyecto Branch Solar se convertirá en el mayor activo solar de NorthStar en Michigan, mientras que el proyecto Genesee Solar se desarrollará en una comunidad históricamente marginada, apoyando el desarrollo económico local y la creación de empleo.
NorthStar Clean Energy는 미시간에서 두 개의 주요 태양광 프로젝트를 위한 3억 3천 4백만 달러의 건설-기간 자금을 확보했습니다. 이 프로젝트에는 Branch 카운티의 200 MW Branch Solar 시설과 Genesee 카운티의 50 MW Genesee Solar 프로젝트가 포함됩니다.
이 시설들은 총 36,000 가구 연간을 전력할 수 있는 충분한 청정 전기를 생산할 것입니다. 자금 조달은 BNP Paribas, MUFG 및 SMBC와의 협력을 통해 이루어졌으며, 여러 법률 사무소에서 법률 자문 서비스를 제공했습니다.
Branch Solar 프로젝트는 미시간에서 NorthStar의 가장 큰 태양광 자산이 될 것이며, Genesee Solar 프로젝트는 역사적으로 소외된 지역 사회에서 개발되어 지역 경제 발전과 일자리 창출을 지원할 것입니다.
NorthStar Clean Energy a sécurisé jusqu'à 334 millions de dollars de financement construction-à-terme pour deux projets solaires majeurs au Michigan. Les projets incluent l'installation solaire Branch Solar de 200 MW dans le comté de Branch et le projet solaire Genesee Solar de 50 MW dans le comté de Genesee.
Ces installations généreront collectivement suffisamment d'électricité propre pour alimenter environ 36 000 foyers par an. Le financement a été organisé grâce à la collaboration avec les arrangeurs principaux BNP Paribas, MUFG et SMBC, avec des services de conseil juridique fournis par plusieurs cabinets d'avocats.
Le projet Branch Solar deviendra le plus grand actif solaire de NorthStar au Michigan, tandis que le projet Genesee Solar sera développé dans une communauté historiquement défavorisée, soutenant le développement économique local et la création d'emplois.
NorthStar Clean Energy hat bis zu 334 Millionen Dollar an Bau-zu-Dauer-Finanzierung für zwei bedeutende Solarprojekte in Michigan gesichert. Die Projekte umfassen die 200 MW Branch Solar-Anlage im Branch County und das 50 MW Genesee Solar-Projekt im Genesee County.
Diese Anlagen werden insgesamt genügend saubere Elektrizität erzeugen, um etwa 36.000 Haushalte jährlich mit Strom zu versorgen. Die Finanzierung wurde in Zusammenarbeit mit den Hauptarrangeuren BNP Paribas, MUFG und SMBC organisiert, wobei mehrere Rechtskanzleien rechtliche Beratungsdienste bereitstellten.
Das Branch Solar-Projekt wird NorthStars größte Solar-Anlage in Michigan werden, während das Genesee Solar-Projekt in einer historisch benachteiligten Gemeinschaft entwickelt wird, um die lokale wirtschaftliche Entwicklung und die Schaffung von Arbeitsplätzen zu unterstützen.
- Secured $334 million in construction-to-term financing
- Development of 250 MW total solar capacity across two projects
- Will power 36,000 homes annually with clean energy
- None.
"Our Michigan roots run deep," said Brian Hartmann, President of NorthStar Clean Energy. "And we're proud to invest in projects that not only generate clean power but also create jobs and strengthen local economies."
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"With these projects, we continue to solidify our leadership in renewable energy while making a meaningful impact in the communities where we live, work, and play," Hartmann added. "We remain focused on delivering clean and affordable energy to our customers while contributing to a more sustainable energy future for all."
NorthStar's strategic growth and robust financial positioning continue to drive large-scale renewable energy projects like this nationwide.
In securing construction financing, NorthStar coordinated with its lead arrangers, BNP Paribas, MUFG and SMBC. Hunton Andrews Kurth LLP, Arnold & Porter Kaye Scholer LLP, Bodman Plc and Warner Norcross + Judd LLP served as NorthStar's legal advisors.
About NorthStar Clean Energy:
NorthStar Clean Energy, a wholly owned subsidiary of CMS Energy (NYSE: CMS), founded in 1987 helps companies with ambitious sustainability targets decarbonize through renewable energy and carbon solutions. NorthStar Clean Energy owns and operates over 2 gigawatts of generating capacity nationwide —including solar installations in
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SOURCE NorthStar Clean Energy
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