KOMIPO Completed Construction of Concho Valley Solar Project in Texas
Dec 5, 2022
KOMIPO America, Inc., which is a U.S. subsidiary of Korea Midland Power Co., Ltd. (KOMIPO), one of the major power generation companies in Korea actively doing business globally, announces it had completed construction of 160MW Concho Valley Solar photovoltaic power project in San Angelo City in Texas and had started its Commercial Operation Date since October.
The Concho Valley Solar with 160MW capacity, the second utility scale solar asset of KOMIPO America in Texas, had signed the financing agreements on February 2022. RBC Community Investments (RBC) arranged tax equity and Norddeutsche Landesbank Girozentrale and Rabobank are providing the construction loans and a separate back-leveraged facility that will support the project during operations.
KOMIPO America announces that the Ribbon Cutting ceremony for celebration of commercial operation was held on Nov. 16 at the project site with the local officials, community leaders and various project stakeholders.
Hotae Lee, Executive Managing Director of KOMIPO stated, "Concho Valley Solar is the most remarkable and meaningful project in the US for KOMIPO since it had jointly developed with trustworthy partnership with the local developer, Merit SI and strong support from the local communities. We are very happy to successfully finalize this project with having a dominant role for financing arrangements and timely implement construction despite the global pandemic and supply chain issues."
Yonette Chung McLean, Royal Bank of Canada Managing Director, commented, "RBC's syndication of the Concho Valley Solar tax equity demonstrates our unwavering commitment to clean energy and driving ESG imperatives. We are excited to partner with KOMIPO on this project and look forward to continued growth and development in the US."
CCA Capital, LLC served as the financial advisor to KOMIPO, providing support across capital formation and structuring. White & Case LLP advised KOMIPO from the early stages of Concho Valley Solar and has provided legal guidance on the development, tax equity financing and construction financing of the project.
About KOMIPO
KOMIPO operates KOMIPO Energy Solution America, LLC, an entity designed to spearhead long-term renewable energy projects in the United States in which the Korean power company has set up development, construction and operation as its core capabilities. KOMIPO has built future growth engines in the renewable energy sector by securing seven overseas renewable energy assets in foreign countries. The Korean power company plans to expand its overseas photovoltaic power, wind power, and other renewal energy segments in advanced countries such as the United States, Europe and Australia.
About RBC Community Investments
RBC Community Investments is a leading provider of Renewable Energy Tax Credits, Low Income Housing Tax Credits, Workforce/Impact Housing, Historic Tax Credits, and State Tax Credits. Our team is dedicated to the financing and development of renewable energy solutions and affordable housing throughout the country. As of October 2022, our team of over 123 professionals has closed over $14 billion in tax credit equity with ~100 institutional investors. Investors receive a full suite of asset management and reporting services throughout the investment life cycle.
Contact Information:
Liam song
secretary
[email protected]
7028491894
Press Release Service by Newswire.com
Original Source: KOMIPO Completed Construction of Concho Valley Solar Project in Texas
More News
Jon Ossoff Makes L.A. Fundraising Swing In Midterm Final Stretch
Sen. Jon Ossoff (D-GA) will be in Los Angeles on Monday for a fundraising swing, expected to be his final one through a prime Democratic donor base with the midterms approaching. Ossoff will appear at an evening reception in Beverly Hills hosted by James Costos, former U.S. ambassador to Spain, and designer Michael Smith. Other […]
Dylan Sprouse & Patrick Schwarzenegger Cheer on Their Wives Barbara Palvin & Abby Champion at Victoria’s Secret Fashion Show 2026
Supportive husbands Dylan Sprouse and Patrick Schwarzenegger were on hand to cheer on their wives at the 2026 Victoria’s Secret […] The post Dylan Sprouse & Patrick Schwarzenegger Cheer on Their Wives Barbara Palvin & Abby Champion at Victoria’s Secret Fashion Show 2026 appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
Rosie O’Donnell and Kristin Chenoweth Join ‘Dance Moms’ Parody Musical Reading (EXCLUSIVE)
Rosie O’Donnell and Kristin Chenoweth have joined the cast for a reading of “The Pyramid: An Unauthorized ‘Dance Moms’ Musical.” O’Donnell is said to be playing embattled instructor and series star Abby Lee Miller while Tony winner Chenoweth will take on the role of Cathy Nesbitt-Stein, a fellow instructor who quit the reality show after […]
CAA Signs ‘The White Lotus’ Season 4 Cast Member Caleb Jonte Edwards
EXCLUSIVE: CAA has signed Caleb Jonte Edwards, a 24-year-old Australian actor making his American television debut in The White Lotus Season 4. As with all roles on the lauded Mike White HBO series, Edwards’ is closely guarded. He’s nearing the end of the shoot for a season revolving around Cannes Film Festival. His Season 4 […]
Dan Lin Axed As Netflix Film Boss; Stock Slumping Streamer Set To Unveil Earnings Tuesday
Dan Lin is out as film boss at Netflix in what has been largely speculated for weeks. Insiders at the streamer have denied that Dan Lin and even Bela Bajaria were on the chopping block, but here we are. Lin’s firing comes in the wake of Netflix making 1,000 pink-slips given their recent slow growth, […]
Lance Armstrong On Schwinn Bicycles Documentary ‘No Hands’: “It’s An Incredible American Story”
EXCLUSIVE: No Hands: The Wild Ride of the Schwinn Bicycle Company documents the extraordinary tale of the titular bike brand with Lance Armstrong serving as both an interview subject and narrator. Armstrong tells Deadline about this rags-to-riches-to-bankruptcy tale and how things could have been different for the iconic brand if he had been on board […]
The Simpsons Brings Back Beloved Character for First Time in a Decade
Warning: This article contains spoilers for the Oct. 18 episode of The Simpsons. One of The Simpsons' most iconic characters has finally returned to Springfield. Apu Nahasapeemapetilon—the beloved...
‘The Simpsons’ Brings Back Apu After Nearly a Decade, Reveals New Voice Actor
The Simpsons is bringing back one of its most recognizable characters after nearly a decade! Apu Nahasapeemapetilon returned with speaking […] The post ‘The Simpsons’ Brings Back Apu After Nearly a Decade, Reveals New Voice Actor appeared first on Just Jared - Celebrity News, Entertainment News & Photos.
Amelia Earhart Plane Search: Investigators Share Major Update
The search for Amelia Earhart's missing plane has continued to sputter. After researchers traveled to the uninhabited South Pacific island of Nikumaroro to search for the pilot's missing aircraft...
Dan Lin Out as Netflix Film Chief
Dan Lin has been dismissed as Netflix’s head of film after almost three years, multiple sources tell Variety. Even if expected, it’s a significant shoe to drop following a layoff bloodbath last week at the streamer. Roughly 1,000 employees got the chop, capped by the shock firing of chief content Bela Bajaria. Lin was let […]
Christiane Amanpour To Leave CNN In 2027 After 43 Years With Network
Christiane Amanpour will depart CNN next year, with plans to scale back her schedule at the end of this year before exiting in June. The network’s chief international anchor wrote in a memo to staffers, “After many months of thought and a few sleepless nights, I have decided to separate from CNN, my partner of […]
Tony Revolori, Audrina Miranda, Maria Gabriella De Faria & Lou Lou Safran Starring In ‘Night At The Oasis’
EXCLUSIVE: Tony Revolori (Primetime), Audrina Miranda (Jurassic World Rebirth), Maria Gabriella de Faria (Superman) and Lou Lou Safran (Shazam) are set to star in coming-of-age indie movie Night At The Oasis, which will shoot on 35mm. Written and directed by Kim Caicedo, cast also includes Marcela Carvajal, Alysia Reiner, Connor Apolo, Ken Kirby, Noen Perez, […]
Recommended
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.