Clearway Energy Group has closed $550 million in construction financing for its Rosamond South I solar and storage project in Kern County, California. The project, expected to become operational in 2025, will generate enough electricity to power over 63,000 homes annually. Over 400 union labor jobs are expected to be created during construction. The $550m construction loan was secured through a bank consortium including Societe Generale, Australia and New Zealand Banking Group Limited, Siemens Financial Services, Commerzbank, CoBank, DNB Bank ASA, and Nord/LB. The Rosamon South 1 project is currently under long-term contracts with several California load-serving entities.

Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating







