St Louis-based developer Birch Creek Energy has completed the financing and full operation of Altona Solar (pictured), a 42MW utility scale solar project based in Missouri.
This facility, along with the recently completed 49MW project Earp Solar in Illinois, represents the second of several projects slated to come on-line this year as part of Birch Creek’s independent power producer (IPP) strategy.
Max Whitacre, executive vice president of project finance for Birch Creek, said: “We cannot thank our financing partners enough for their invaluable support as we complete our first project in our home state of Missouri.
“It is such a pleasure working with the Celtic and West Town teams, and we look forward to continued financings with both relationships as we continue to build out our IPP.”
Tax equity was provided by Celtic Bank, who in addition to providing financing for this project, participated on the previously completed Earp project. Permanent debt was provided by West Town Bank & Trust.
Justin Fuller, senior vice president of renewable energy finance at Celtic Bank, said: “Celtic Bank is honored to reinforce our commitment to the renewable energy sector by providing tax equity for Birch Creek’s impactful projects.
“Our focus on strategic lending and investing in the renewable energy sector aligns perfectly with Birch Creek’s ambitious utility-scale solar and storage projects.
“We are confident that our continued financial partnership will facilitate the successful realization of these and future projects.”
Altona Solar is a 42MWdc solar project based in Audrain County, Missouri. The project is sited on 208 acres and connects to Ameren Missouri. Altona Solar generates enough clean electricity to power over 6,300 homes.