San Francisco-based GSSG Solar LLC has completed the financing of a 4.75 MW portfolio of solar photovoltaic projects in the Denver area.
The last of the seven ground-mounted, fixed-tilt projects was interconnected in July, and all are now delivering electricity. Off-takers include the Denver International Airport, the Colorado Department of Corrections and the City of Greeley.
The projects were developed by Denver-based Oak Leaf Energy Partners and were financed through a combination of equity and debt, in part supported by a U.S. government cash subsidy bond product created to increase the development of renewable energy projects. GSSC Solar says the deals were also facilitated by the strong credit of the energy users.
‘We are proud to have participated in securing competitively priced permanent financing for this portfolio of solar projects, lowering the energy costs for this group of tax-exempt entities,’ says GSSG Solar CEO Tomakin Archambault.
