NADBank provides financing for a 208 MW solar PV farm in USA
24 August 2022
The North American Development Bank (NADBank) has signed a US$49.1 million loan for the Zier Solar and Energy Storage Project located in Kinney County, Texas, USA.
During the first year of operation, the 208 MW solar farm and 40 MW/ 80 MWh battery energy storage system (BESS) are anticipated to generate around 414.31 GWh of power, which is equivalent to the annual electricity consumption of 30,286 households.
The BESS is anticipated to deliver up to 13.5 GWh of power annually while storing electricity produced by the solar farm and the Electric Reliability Council of Texas (ERCOT) grid. As a result, it will decrease the dependability of fossil fuel plants and will aid in reducing the discharge of pollutants and greenhouse gases.
The project is anticipated to begin construction in the fall of 2022.
Related
-
Miahona pens deals for water infrastructure projects in Uzbekistan
12 September 2025
-
Hyundai Rotem keen on developing high-speed railways in Vietnam
12 September 2025
-
Hanoi approved plan to build the fifth metro line
12 September 2025
-
Saudi Arabia issues tenders for two PPP water projects
12 September 2025
-
Consortium wins $500m Saudi wastewater treatment project
11 September 2025
-
Romania’s Electrica and Romgaz to partner on 400 MW green power projects
10 September 2025