Hyline Solar

LOAN AMOUNT: $5,000,000

LOAN TYPE: USDA REAP Loan

INDUSTRY: Energy/Solar

LOAN DETAILS

Location

Ontario, Oregon

Term

20 years

Prepayment Penalty

10,9,8,7,6

History

Hyline Solar Center was developed by Cypress Creek Power LLC, a large scale solar developer, to generate 9 mW AC solar array on 79 acres in Ontario, OR.  The developer has a history of developing successful projects since 2014. The technology has been implemented globally on a massive scale over 40 years.

Hyline solar center entered into an Offtake/ Power Purchase Agreement with Idaho Power, a regulated entity, to purchase electricity generated by solar array for 20 years.  Idaho Power has a long term issuer rating of A3 and P2 rating on their commercial paper from Moody’s. Idaho Power is not dependent on natural gas or coal, sheltering them from the price volatility of these commodities.

Thomas USAF is happy to provide liquidity to banks participating in the renewable energy sector using both REAP and B&I programs. We put the highest premiums on the table based on the structure, including rate, reset frequency and prepayment penalty. If you are currently making loans to solar farms or are thinking about it, you can benefit from the knowledge and expertise of Thomas USAF. Avoid surprise outcomes in a volatile fixed income environment and call us today.