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Alabama heads to market with $850 million P3 prison deal

Alabama heads to market with $850 million P3 prison deal
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Morning Headlines: Cleveland Council Member Accused of Stealing $127K From City; COVID-19 Cases Tick Up

Morning Headlines: Cleveland Council Member Accused of Stealing $127K From City; COVID-19 Cases Tick Up
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'Landmark' financing deal achieved for 400MWh standalone battery storage project in California

Published: 11 Feb 2021, 12:11
By:
Andy Colthorpe
sPower s parent company AES recently completed the Alamitos battery storage project (pictured), also in California, also 100MW / 400MWh. Image: AES Corporation.
A debt financing deal closed by independent power producer (IPP) sPower for a 100MW / 400MWh battery storage project in California demonstrates that significant project finance investment can be achieved for large-scale battery facilities.
That’s according to Frank Beckers, a partner at renewable energy and clean technologies advisory firm Apricum Consulting. Beckers was asked to comment by
Energy-Storage.news on an announcement earlier this week by sPower that the IPP has closed a transaction worth US$152.4 million to finance its Luna Storage standalone lithium-ion battery project in the City of Lancaster, Los Angeles County. ....

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