Solar Star completes offering for Southern California solar power development

Source:Solar Star Funding, LLC

Solar Star completes offering for Southern California solar power development

Solar Star Funding, LLC has completed its $1 billion, 5.375% Series A Senior Secured Notes offering. The proceeds will be used to fund the continued construction of its 579-megawatt Solar Star 1 and Solar Star 2 projects, together the Solar Star Projects. These projects were formerly known as the Antelope Valley Solar Projects.

Together the Solar Star Projects, co-located in Southern California, are the world’s largest solar power developments under construction. The Notes offering is the largest single project bond financing ever completed for a solar project. The principal of the Notes amortize semi-annually beginning June 30, 2016 with a final maturity of June 30, 2035.

Solar Star Funding, LLC owns the Solar Star Projects and is a wholly owned subsidiary of MidAmerican Energy Holdings Company.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs