Birch Creek Energy wraps up funding for 49MW Earp Solar.

By Oliver Townsend Jun 24, 2024
Birch Creek Energy Completes Financing for 49MW Earp Solar.jpegOrginal image from: https://www.prnewswire.com/news-releases/birch-creek-energy-completes-financing-for-49mw-earp-solar-302180008.html

Birch Creek Energy, LLC recently announced the completion of financing and full operation of the Earp Solar project, a 49MW utility scale solar project in Illinois. This project marks the first one to become fully financed and operational in Birch Creek’s independent power producer entity (IPP). With more projects in the pipeline, this achievement is a significant milestone for the company.

Transforming the Energy Landscape

The completion of the Earp Solar project represents a transformative event for Birch Creek Energy. This project is part of the company’s broader strategy to develop and finance utility-scale solar and storage projects in the United States. By focusing on renewable energy solutions, Birch Creek is not only contributing to the green energy transition but also creating sustainable and reliable power sources for communities.

Partnerships Driving Success

Key partners played a crucial role in the financing of the Earp Solar project. Tax equity was arranged through Foss & Co., while permanent debt was provided by West Town Bank & Trust. The construction capital was underwritten and funded by Pathward®, N.A. These strategic partnerships highlight the collaborative effort involved in bringing renewable energy projects to fruition.

Commitment to Sustainability

Birch Creek Energy’s commitment to driving positive change in the renewable energy landscape is evident through projects like Earp Solar. By investing in innovative solutions and leveraging partnerships, Birch Creek is paving the way for a cleaner and more sustainable energy future. The successful financing of the Earp Solar project sets a strong foundation for future endeavors in the renewable energy sector.

About Birch Creek Energy

Birch Creek Energy is a utility-scale solar development platform based in St. Louis, Missouri. Since 2019, the company has developed over 1.7 gigawatts (GW) of solar projects and has a portfolio of 14.2 GW of utility-scale solar and storage projects in various stages of development and operation across different regions in the U.S. With a strong focus on sustainability and innovation, Birch Creek Energy continues to lead the way in the renewable energy industry.

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