San Francisco, CA – Clearway Energy Group (“Clearway”) announced today that it closed debt financing for its 160 MW Rattlesnake Flat wind project in Adams County, Washington. KeyBanc Capital Markets Inc., Sumitomo Mitsui Banking Corporation, and Mizuho Corporate Bank, Ltd. jointly acted as Mandated Lead Arrangers. Rattlesnake Flat will provide power to Washington-based utility Avista Corporation.
“We are excited to expand Clearway’s presence into Washington state and to contribute to the state’s goals of achieving 100% carbon-free electricity by 2045,” said Steve Ryder, Chief Financial Officer at Clearway Energy Group. “We have worked with each of these financing parties on prior renewable energy transactions, which facilitated an efficient financing for this project. We are also appreciative of the relationship with Avista and other stakeholders to reach this important milestone.”
The construction of Rattlesnake Flat is expected to create up to 250 jobs during construction and invest millions of dollars in the local community.