Media Coverage
Source: Law360
Media Coverage
06.16.14
On June 13, independent power producer and Pillsbury client Tenaska Inc. reported that it secured $450 million in financing for its planned 150-megawatt solar power plant in Southern California’s Imperial Valley. It’s the company’s second utility-scale solar project in the region. The company plans to begin construction later this year and expects the Imperial Solar Energy Center West plant to be operational in 2016. Tenaska would sell its power to San Diego Gas & Electric Co. under a 25-year power purchase agreement.
“Achieving financial closing for our second utility-scale solar project represents a significant milestone for Tenaska,” Greg Kelly, Tenaska’s president for development, said in a statement. “The project is moving forward on schedule, and we're looking forward to starting construction.”
Pillsbury’s Jane Stein and Michael Reese represented Tenaska and led a team that included Faiz Majidulla, Alicia McKnight and Matt Haugland.