Luminate is proud to have served as the Independent Engineer for CIM Group on the Grape Solar and Energy Storage Project, which recently secured approximately $600 million in construction financing.
Located within Westlands Solar Park in California’s San Joaquin Valley, the project combines 246.4-MWac of solar generation with a 150-MWac/600-MWh battery energy storage system, helping meet California’s growing demand for reliable, utility-scale clean energy.
The financing package includes an approximately $372.3 million construction-to-term loan, a $166.7 million tax credit transfer bridge loan, and a $61.3 million letter of credit facility, marking a significant milestone for the project’s development.
Congratulations to CIM Group and all project partners on achieving this important milestone!
For more information, please see the full press release here.
