Tags :NADBank renewable loans

Renewable energy developer DESRI (D.E. Shaw Renewable Investments) has submitted an $80 million loan application to the North American Development Bank (NADBank) to finance its 150MW solar + 150MW/600MWh battery storage project in Doña Ana County, New Mexico. This marks DESRI’s latest strategic move to solidify its position as a leading developer of hybrid renewable energy systems across the U.S. Southwest. Project Overview: Santa Teresa Solar+Storage The Santa Teresa Solar+Storage Project, located just 5 miles west of El Paso, Texas, will occupy 970 acres and feature: DESRI acquired the project in October 2024 from original developer Hecate Energy, which failed to meet contractual deadlines with EPE due to pandemic-era supply chain disruptions. The transfer included revised technical specifications—notably DESRI’s decision to...

Like(0)SinoLoanExpert2025-03-31Business Financing BESS project developmentDESRI solar projectsEl Paso Electric PPAERCOT energy storagelithium iron phosphate batteryMacquarie Asset ManagementNADBank renewable loansNew Mexico renewable energysolar+storage financingutility-scale solar financingViews()