GHG Emissions, Commercial, Solar - December 19, 2024
Amazon Signs Solar PPA in Arkansas
Tech company Amazon signed a power purchase agreement for a solar project in Arkansas.
Primergy Solar LLC, a developer, owner and operator of utility-scale solar and energy storage projects, announced its 100-MWac solar project in Ashley County, Arkansas, is fully operational.
The project, called Amazon Solar Farm Arkansas - Prairie Mist, is delivering solar energy to the grid and marks the second project in Primergy’s portfolio to come online in 2024. The project connects to Entergy’s transmission system in the Midcontinent Independent System Operator’s (MISO) operating footprint.
Amazon Solar Farm Arkansas - Prairie Mist will deliver solar energy under a power purchase agreement with Amazon, and capacity attributes will be sold under a 20-year contract to the City of North Little Rock.
“Prairie Mist represents a step forward in our mission to develop impactful projects that benefit local communities and meet the diverse needs of our customers,” said Primergy CEO Ty Daul in a statement. “Reaching commercial operation is a monumental milestone for our team, and we are thankful to our partners for their support and dedication to bringing clean energy to the Arkansas region.”
During the project’s development, Primergy closed on $300 million in debt and tax equity financing in 2023 for construction and development with debt facilities led by SMBC as the transaction agent, Norddeutsche Landesbank Girozentrale, Societe Generale, and Crédit Agricole Corporate and Investment Bank. The tax equity investment was led by PNC Bank.
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