KOMIPO America Inc., a U.S. subsidiary of Korea Midland Power Co. Ltd., has completed construction on the 160 MW Concho Valley Solar project in San Angelo City in Texas and had started its commercial operations.
Concho Valley – the second utility-scale solar asset of KOMIPO America in Texas – had signed financing agreements in February: RBC Community Investments arranged tax equity; Norddeutsche Landesbank Girozentrale and Rabobank are providing the construction loans and a separate back-leveraged facility that will support the project during operations.
The local developer was Merit SI.
CCA Capital LLC served as the financial advisor to KOMIPO, providing support across capital formation and structuring. White & Case LLP advised KOMIPO from the early stages and provided legal guidance on the development, tax equity financing and construction financing of the project.