Arlington Valley Solar II gets financing for solar farm near Phoenix

A 127-megawatt solar farm west of Phoenix has received financing that will help construct the $550 million power plant. Arlington Valley Solar Energy II, to be built on 1,100 acres in an area that includes gas power plants and the Palo Verde Nuclear Generating Station nearby, is being developed by LS Power LS Power Latest from The Business Journals Follow this company . The financing was done in two parts, with a long-term deal led by Prudential Capital Group Prudential Capital Group Latest from The Business Journals Follow this company and a short-term deal led by Banco Santander S.A. “We are pleased to have completed the development and commenced construction of this important solar project,” said John King, executive vice president of LS Power. “This project will bring many benefits to the State of Arizona and Maricopa County, including construction and operations jobs with local business opportunities and longer-term benefits from tax revenues.”

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