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Birch Creek Completes Financing and Operation of 42MW Altona Solar Project
Slice of Energy Team
August 20, 2024
Key Highlights:
Birch Creek Energy completes financing and operation of 42MW Altona Solar project in Missouri.
Partnerships with Celtic Bank and West Town Bank & Trust enabled successful financing.
Altona Solar generates enough electricity to power over 6,300 homes.
Source (PR Newswire)
Notable Quotes:
"We cannot thank our financing partners enough for their invaluable support as we complete our first project in our home state of Missouri. It is such a pleasure working with the Celtic and West Town teams, and we look forward to continued financings with both relationships as we continue to build out our IPP."
"Celtic Bank is honored to reinforce our commitment to the renewable energy sector by providing tax equity for Birch Creek's impactful projects. Our focus on strategic lending and investing in the renewable energy sector aligns perfectly with Birch Creek's ambitious utility-scale solar and storage projects."
"We are proud to support the clean energy infrastructure Birch Creek is developing in the state of Missouri. The success of our industry banks on strong partnerships, and we look forward to continuing to support Birch Creek alongside their partners as they grow through the Altona project."
Our Take:
The completion of the Altona Solar project marks a significant milestone for Birch Creek Energy, solidifying its position as a leading independent power producer in the renewable energy sector. By securing strategic partnerships with Celtic Bank and West Town Bank & Trust, Birch Creek has not only expanded its renewable energy footprint but also set a strong precedent for future projects. This achievement underscores the importance of collaborative financing in advancing large-scale clean energy initiatives, paving the way for sustainable growth in the sector.