Thursday, 26 September 2024
Home Pacifico Power Clears $93mm in Total Transaction Value in Its First Multiphase Tax Equity Financing of Key Distributed Energy Projects in Partnership With Sumitomo Corporation and Mitsubishi UFJ Financial Group

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Pacifico Power Clears $93mm in Total Transaction Value in Its First Multiphase Tax Equity Financing of Key Distributed Energy Projects in Partnership With Sumitomo Corporation and Mitsubishi UFJ Financial Group

LOS ANGELES--(BUSINESS WIRE)--Pacifico Energy Group, through its US-focused renewable power development, energy services and financing subsidiary, Pacifico Power (“Pacifico”), has partnered with Sumitomo Corporation, through Sumitomo Corporation of Americas (“SCOA”), to finance a portfolio of solar photovoltaic (PV) plus battery energy storage system (BESS) projects. Pacifico secured $40 million in project tax equity funding from SCOA for a portfolio totaling 27 MW of solar PV and 25 MWh of bat...

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