Panamint Capital has closed 769 million dollars of financing for Big Rooter West, a 491 megawatt solar project in Robertson County, Texas, the first phase of a 1.8 billion dollar green loan for the 1.2 gigawatt Big Rooter Power development on reclaimed coal mine land at its Twin Oaks complex. The package is a 240 million dollar construction-to-term loan, a 461 million dollar tax equity bridge loan and a 68 million dollar letter of credit facility, arranged by Lloyds, MUFG and SMBC. Construction began in July, operations are scheduled for August 2028, and financing for the 658 megawatt East phase, about 1.01 billion dollars, is expected to close in the first quarter of 2027. Single-sourced to Mercom Capital in this run.
Cube Infrastructure Managers has reached a 587 million euro first close for Cube Infrastructure Fund IV against a 1.5 billion euro target, continuing its European mid-market strategy across energy transition, communications and public transport. The firm’s third fund drew 1 billion euros at its 2021 first close toward the same target, so Fund IV has opened more slowly. Single-sourced to AltAssets in this run.
RadianX has raised 9 million dollars to scale perovskite solar module production, a small early-stage round in a technology that promises cheaper thin-film panels but has yet to reach bankable scale. Single-sourced to Mercom Capital in this run.