Deutsche Bank and First Citizens Bank Close $315.7 Million Financing for Four Texas Battery Energy Storage Projects
Deutsche Bank and First Citizens Bank Close $315.7 Million Financing for Four Texas Battery Energy Storage Projects
09/04/24, 1:15 PM
Location
frankfurtMoney
$316 million
Industry
banking
financial services
Type
partnership
Deutsche Bank and First Citizens Bank served as co-lead arrangers on a $315.7 million financing for four battery energy storage systems in Texas, which are expected to support grid stability and reliability, as well as maximize the value of renewable power generation. The projects are owned by a battery energy storage-focused fund at UBS Asset Management.
Company Info
Location
frankfurt, hesse, germany
Additional Info
Deutsche Bank is the leading German bank with strong European roots and a global network. The bank focuses on its strengths in a Corporate Bank newly created in 2019, a leading Private Bank, a focused investment bank and in asset management.
We provide financial services to companies, governments, institutional investors, small and medium-sized businesses and private individuals.