- Foss & Company seals tax equity deal for Texas battery project.
- 174MW project backed by Tokyo Gas subsidiary.
United States (U.S) fund sponsor Foss & Company finalizes tax equity agreement for Texas battery project. The project, owned by a Tokyo Gas subsidiary, has a capacity of 174MW.
The financing deal supports Tokyo Gas America’s Longbow project in Brazoria County, which is entitled to receive USD 118.5 million (EUR 110.1m) in Investment Tax Credits. The scheme was developed by Clean Capital Partners (CCP).
Its construction is slated to begin during the first quarter, with commercial operations by summer. The facility near Houston will leverage ERCOT-Houston region dynamics. Bryen Alperin of Foss & Company expresses confidence in battery storage.
(USD 1.0 = EUR 0.929)