Intersect Power proudly announces the commencement of commercial operation of its Lumina Solar project, a significant milestone in the company’s renewable energy portfolio. Nestled in Scurry County, Texas, the project serves as a beacon of sustainable energy, generating an impressive 828 MW, sufficient to power over 243,000 homes for an entire year. The utilization of First Solar panels underscores the project’s commitment to cutting-edge technology and sustainable practices, embodying a crucial step towards a greener future.

A highlight of the Lumina project is the procurement of renewable energy credits by two Fortune 100 companies, affirming its significance within the corporate sustainability landscape. This milestone provides a testament to the company’s dedication not only towards energy production but also in establishing strong partnerships within the business community, contributing to a collective mission of sustainability.

Critical to the realization of the Lumina Solar project was the strategic securing of funding and partnerships. The substantial investment in the project’s construction and operations was made possible through a comprehensive financing package announced last September. This entailed the closure of portfolio level term debt, tax equity, and construction financing commitments, facilitated by an array of distinguished financial institutions and partners. The culmination of these efforts underscores the immense collaborative initiative involved in driving forward the sustainable energy agenda.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The solar energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.