The D.E. Shaw Group has lined up a tax equity investor for its Tobacco Valley solar project in Simsbury, Conn.

The 26.4 MW project, also known as DWW Solar II, will be financed with tax equity from SunTrust Banks, according to paperwork filed with the U.S. Federal Energy Regulatory Commission on July 25.

Whether D.E. Shaw is also lining up debt could not immediately be learned.

The Tobacco Valley project is expected to commence operations on Nov. 15, at which point it will begin selling its output under four separate 20-year power purchase agreements.

The offtaker with the largest share is National Grid, whose Massachusetts Electric and Nantucket Electric subsidiaries will buy a combined 47.02% of the project's output.

NSTAR Electric, meanwhile, will buy 44.34%, Western Massachusetts Electric 7.71% and Fitchburg Gas and Electric Light the remaining 0.93%.

D.E. Shaw bid the project into the New England Clean Energy Request for Proposals in 2016 through Deepwater Wind, the offshore wind developer that it owned at the time (PFR, 10/26/16), but the investment firm has since sold the Deepwater platform to Denmark's Ørsted.

The content you are trying to view is restricted for Power Finance & Risk subscribers.

To continue reading, please log in using the login box in the upper right corner of this page, subscribe or take a free trial.

Subscribe

Set up your account today for full access to Power Finance & Risk.

Join our readership!

Subscribe

Free Trial

Want unlimited access, but don't feel quite ready to subscribe?

Start your free trial today!

Free Trial