First Citizens Bank Serves as Sole Bookrunner and Co-Lead Arranger on $150 Million in Financing for Battery Energy Storage Projects
One project, Great Kiskadee Storage, is a 100MW/200MWh battery energy storage system owned by SA Grid Solutions (a joint venture of Apex, SK Gas, and SK Eternix) and under construction in
Both are expected to reach commercial operation by the third quarter of 2024. Bank United also served as co-lead arranger on the financings.
Founded in 2009 and headquartered in
"Battery storage is crucial to building a more resilient grid and enhancing the reliability and cost-effectiveness of renewable energy—ultimately enabling our mission to accelerate the shift to clean energy," said
"Apex Clean Energy has a strong and growing reputation throughout the renewable energy industry for identifying attractive clean energy project opportunities and managing them to successful completion," said
First Citizens Energy Finance leverages its deep industry knowledge and expertise to offer comprehensive financing solutions for renewable and conventional power generation. The unit manages a large, diverse portfolio that includes investments in all asset classes across the energy sector.
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