Vesper Energy Closes $590 Million in Financing for its Hornet Solar Project
Jan 31, 2024•over 1 year ago
Amount Raised
$590 Million
Investors
Advantage CapitalAssociated BankBayern LbSantander Corporate & Investment BankingNord/LbMufg Bank Ltd.
Description
Vesper Energy announced the closing of financing for its Hornet Solar project, securing a $590 million debt financing package, and the project will be one of the largest single-phase solar projects in the United States.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech