Green credit facility for SunZia, US’ largest-ever green energy infrastructure
Intesa Sanpaolo has structured and partially underwritten a green credit facility of up to $8.8 billion for SunZia, the United States’ largest-ever green energy infrastructure, entailing:
- the Western Hemisphere’s largest wind farm, with a capacity of 3.5 GW, in New Mexico
- a 550-mile (885 km) high-voltage power line between New Mexico and Arizona, capable of transporting 3 GW of clean, safe and affordable electricity to millions of Americans in the Western United States.
Intesa Sanpaolo’s IMI CIB Division also acted as Initial Coordinating Lead Arranger, Joint Book Runner and Co-Green Loan Structuring Agent, as well as providing hedging solutions.
“Leveraging our significant international experience in project financing and our sizeable participation in the green loan facility – which Intesa Sanpaolo structured for SunZia with other leading financial institutions – this transaction underlines our support to the renewable energy sector in the United States and globally”
Mauro Micillo, Chief of Intesa Sanpaolo's IMI - Corporate & Investment Banking Division
The SunZia project is being developed by Pattern Energy, one of the world's largest developers and private operators of wind, solar, transmission and energy storage projects. Pattern Energy has an operating capacity of nearly 6 GW across North America and 25 GW in development.
Related items:
Last updated 22 January 2024 at 12:14:25
