Big news in U.S. renewables!
Lydian Energy
has secured $689M in financing to develop utility-scale solar and battery storage projects across New Mexico, Texas, and Utah. The package backed by
CIBC
and
MUFG
includes construction-to-term, tax credit bridge, co-investment, and LC facilities to support two solar PV projects (AC Ranch 1 and Yellow Viking) and a 150 MW/733 MWh BESS project.
What makes this milestone notable is that it’s structured full-stack financing for renewables + storage, signalling strong institutional confidence in contracted clean energy infrastructure. With Lydian’s portfolio now boasting 4.4 GW of solar and storage capacity, this deal strengthens grid resilience and accelerates deployment of dispatchable clean power in key U.S. markets.
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