Lydian Energy secured $689 million to develop US solar and battery projects in New Mexico, Texas, and Utah. The funding, provided by CIBC and MUFG, supports AC Ranch 1 (75MWac/100MWdc), Yellow Viking (170MWac/210MWdc), and Faraday BESS (150MW/733MWh) projects. Financial instruments include construction-to-term, co-investment bridge, tax credit bridge loans, and letters of credit.
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