Lydian Energy has secured $233 million in financing for three, two-hour battery storage projects in Texas totaling 550 MW.
ING served as the lender for the Pintail and Crane projects in San Patricio and Crane Counties, Texas, respectively, Lydian said July 9. The 200 MW/400 MWh systems represent a combined investment of about $139 million, according to Lydian, a Washington, D.C.-based solar and battery storage developer backed by Excelsior Energy Capital.
KeyBank provided a $94 million financing package for Headcamp, a 150 MW/300 MWh project in Pecos County, Lydian said. KeyBanc Capital Markets also structured the financing package for Headcamp…