Primergy Solar LLC (Primergy), a leading developer, owner, and operator of utility and distributed scale solar and storage, announced a sole battery supply deal with Contemporary Amperex Technology Co Limited (CATL), a global pioneer in new energy innovative technologies, for the $1.2 billion Gemini Solar+Storage Project outside of Las Vegas, Nevada.
Gemini, once finished, will be one of the largest operating solar + storage projects in the US, with a 690 MWac/966 MWdc solar array and 1,416 MWh storage capacity. Earlier in 2022, Primergy completed a comprehensive and detailed procurement process and selected several globally leading equipment suppliers and construction partners for the Gemini project.
In April 2022, Quinbrook Infrastructure Partners and Primergy Solar secured almost $2 billion in debt and tax equity financing for the Gemini solar plus 380 MW storage project in Nevada, US. Gemini was developed by Primergy, a wholly owned portfolio company of Quinbrook. The debt funding included a construction/term loan, a tax equity bridge loan, and a letter of credit facility totaling $1.3 billion. Truist Bank and Bank of America contributed an additional $532 million in tax equity commitments.