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Idemitsu Renewables, an Idemitsu Kosan Co., Ltd U.S renewables energy business announced that its 50 MWp Central 40 project, based in Stanislaus County, California, has ended debt financing of $60 million. The KeyBank National Association provided the debt funding and KeyBanc Capital Markets served as the primary funder.

Cary Vandenberg, Managing Director of Idemitsu Renewables, said that this initiative helps in the expansion of the business prospect of Idemitsu Renewables in California. They were pleased to expand on their established partnership with KeyBank and to close a good transaction even in the current COVID environment.

Andrew Redinger, Managing Director & Head of the Power & Renewables Utilities Division at KeyBanc Capital Markets, said that they are pleased to support the development of Idemitsu Renewables solar company in California, as a part of their continuing support for renewables.

About Idemitsu Renewables 

Idemitsu Renewables, a U.S. based renewable energy affiliate of Idemitsu Kosan Co., Ltd, is a leading solar and storage developer and IPP. The organization acquires, builds, manages, and runs utility-scale solar power generation plants, markets renewable energy to help people survive economically and ecologically in a healthy climate. With offices in California and Nevada, the company is continuing to develop its growing number of energy projects.

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