Hirschler Team Helps sPower Secure Tax Equity Financing for Spotsylvania Solar Energy Center

04.20.2020

Hirschler is pleased to have supported client sPower with closing a $350 million tax equity commitment for its Spotsylvania Solar Energy Center in Spotsylvania County. The 620 MW DC energy center – the largest solar project east of the Rockies - is currently under construction, with phases coming online this year through project completion in the summer of 2021.

Wells Fargo’s Renewable Energy & Environmental Finance group is the sole investor for the $350 million tax equity commitment, making this one of the largest standalone, tax equity investments in the solar industry’s recent history.

Charlie Payne, Rob Benaicha and Allie Casagrande assisted sPower with closing on the tax equity commitment. sPower is a leading independent power producer (IPP) that owns and operates more than 150 renewable generation systems across the United States.

Read the press release here.