Capital One, N.A., has acquired a tax equity stake in the Crescent Dunes Solar Energy Project with an investment of up to $78 million. Crescent Dunes is a utility-scale solar facility featuring SolarReserve’s proprietary molten salt energy storage technology, enabling day and night operation. The facility delivers 110 megawatts of electricity plus 1,100 megawatt-hours of energy storage to Nevada’s grid under a 25-year power purchase agreement with NV Energy, Nevada’s largest utility. CRCMS was a financial adviser to SolarReserve on the transaction.
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Photo credit: SolarReserve