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Vesper Energy Closes $590 Million in Financing for its Hornet Solar Project

Jan 31, 2024over 1 year ago

Amount Raised

$590 Million

DallasRenewable EnergyEnergy

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.

Company Information

Company

Vesper Energy

Location

Dallas, Texas, United States

About

Vesper Energy is a developer, owner, and operator of utility-scale renewable energy assets, with a mission to develop, construct, and operate clean energy projects across the United States.

Funding Insights

Based on industry data
VC-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

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