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IOWN Energy Facilitates Financing and Sale of 127 MW Battery Project in Nevada
The project includes a 15-year tolling agreement and about $290 million in senior secured credit facilities, supporting construction and operations.
- On February 13, 2026, independent power producer DESRI acquired the 127 MW Roccasecca battery storage project located in Boulder City, Nevada, from IOWN Energy on behalf of client Eolus North America.
- Prior to the sale, key agreements including a 15-year tolling contract and engineering/construction terms were secured, positioning Roccasecca as a fully contracted and under-construction asset ready for transfer.
- Coordinating lead arrangers Zions Bancorporation, Societe Generale, Intesa Sanpaolo, and Bayerische Landesbank arranged approximately $290 million in senior secured credit facilities to support project construction and operations.
- Kim Hill, Director at SG, stated "The sale marks another milestone" for Eolus North America and IOWN, reinforcing ongoing partnerships and supporting continued U.S. market expansion.
- With this acquisition, DESRI expands its portfolio to over 80 renewable energy projects representing more than twelve gigawatts of aggregate capacity across the United States.
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The Union Democrat+10 Reposted by 10 other sources
IOWN Energy Facilitates Financing and Sale of 127 MW Battery Project in Nevada
LA JOLLA, Calif., March 31, 2026 /PRNewswire/ -- On February 13, 2026, IOWN Energy (IOWN), on behalf of its client Eolus North America, Inc (Eolus), completed the successful sale of the 127 MW / 506 MWh Roccasecca standalone battery energy…
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