D.E. Shaw Renewable gets term loan financing for Utah solar project

By Devika Patel

Knoxville, Tenn., June 15 – D.E. Shaw Renewable Investments LLC closed on construction debt and tax equity financing for its Sigurd Solar project located in Sevier County, Utah, according to a press release.

A syndicate of lenders including HSBC, Societe Generale and City National Bank are providing the construction and term loan financing, alongside a commitment for tax equity financing from M&T.

The renewable energy producer is based in New York.

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