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Developer Secures Nearly $100 Million Tax Equity Financing for Merchant Battery Storage Project in ERCOT
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Plus Power announced the completion of approximately $98 million in tax equity investment for its 200 MW / 400 MWh Ebony Energy Storage facility in Comal County, Texas, with an investment from Greenprint Capital Management
The Ebony Energy Storage facility near San Antonio, Texas is currently under construction and is scheduled to come online in spring 2024.
Plus Power announced in 2023 that it completed a $1.8 billion financing for Ebony and four other projects in Arizona and Texas. This includes over $400 million in tax equity financing and $700 million for a single standalone project
By summer 2024, Plus Power said that it will have four operating storage plants in the ERCOT market, totaling 800 MW/ 1575 MWh. Plus Power currently operates the 100 MW Gambit Energy Storage facility in Angleton, Texas, and the 300 MW / 600 MWh Rodeo Ranch Energy Storage facility in Pecos, Texas.
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February 15, 2024
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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