Magnolia Power LLC

Magnolia Power Generating Station - Financing

Borrower(s)
Magnolia Power LLC
Industry
Power/Gas-fired combined cycle
Area of finance
Project & Infrastructure Finance
Region
North America
North America
Countries
United States

Deal Overview

Kindle Energy-owned Magnolia Power has closed on the debt to finance its $865 million 700MW CCGT project in Plaquemine, Iberville Parish, Louisiana.The project, which will be capable of using 50% hydrogen as feedstock from start of operations in 2025, is underpinned by a 20-year offtake agreement...

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Deal Volume
$580m
Financial Close
26/07/2022
Dealmakers
Mandy McNeil

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Sources
Submitted by participant(s),

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Tranches

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Project Deals

Magnolia Power Generating Station
$864.81m
Greenfield
Gas-fired combined cycle
North America
North America
United States