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Developer energyRe secures $240 million from Bank of America for South Carolina solar-plus-storage project financing.

Developer energyRe has secured a US$240 million from Bank of America for the 108MWdc/198MWh Lone Star solar-plus-storage project in South Carolina. Bank also provided an $85 million tax equity commitment, while Santander committed US$155 million for project financing. The latter includes construction debt, a tax equity bridge facility, and a letter of credit facility.

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