Panamint Capital Secures $1.8 Billion Green Loan for 1.2 GWdc Big Rooter Power Solar Project
Panamint Capital has reached financial close on the first phase of a $1.8 billion green loan to fund the construction of Big Rooter Power, a massive 1.2 GWdc solar PV project in Robertson County, Texas. The project is being developed on reclaimed coal mine land at the Twin Oaks Complex and is set to become the largest brownfield renewable energy project in North America. The first phase provides $769 million for the 491 MWdc Big Rooter West portion of the project, with construction already underway and commercial operation expected by August 2028. A second phase exceeding $1 billion is slated to finance the 658 MWdc Big Rooter East stage, which is projected to begin operations in August 2029. The financing involves a syndicate of major institutions including Lloyds, MUFG, and SMBC. This large-scale transaction highlights growing institutional appetite for complex renewable energy infrastructure projects that repurpose existing industrial sites to meet rising power demands.
Tickers: $MUFG
Topics: Green Loan Infrastructure Investment Project Finance Solar PV Project