Over the life of the project, Samson Solar will directly invest $450 million in the local economy through new tax revenues and lease payments to participating landowners. Samson Solar is a $1.6 billion capital investment in Northeast Texas. The complete 1,310-megawatt project will generate enough electricity to power 300,000 American homes.Īnnounced in November 2020, Samson Solar supports the sustainability objectives of five major consumer brands and will supply cost-effective, reliable power to three Texas municipalities through long-term power purchase agreements (PPA).
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The first and second phases are currently under construction, and the full project is slated to be operational in 2023. Located in Lamar, Red River, and Franklin Counties, Samson Solar is being constructed in five phases, with each phase commencing operation upon completion. “A significant step forward in the completion of the record-setting project, this milestone is a testament to Invenergy’s strong relationships and long-standing track record with our financial partners.” “Invenergy is proud to complete construction financing for the second phase of the Samson Solar Energy Center,” said Anneli Alers, Vice President, Finance and Capital Markets at Invenergy. Construction financing for the first phase of the project was announced in January 2021. Santander acted as Admin Agent, Coordinating Lead Arranger, and Bookrunner, and Societe Generale and CaixaBank acted as Joint Lead Arrangers for the financing, which includes a construction loan, letter of credit facility, and back-leverage term loan. The second phase includes 250 megawatts of the total 1,310-megawatt project, which will be the largest solar energy facility in the United States upon completion. CHICAGO (June 10, 2021) – Invenergy, a leading privately-held global developer and operator of sustainable energy solutions, today announced the completion of construction financing for the second phase of the Samson Solar Energy Center in northeast Texas.
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