Vesper Energy gets new $100 million letter-of-credit facility

By Cady Vishniac

Detroit, Nov. 23 – Vesper Energy has closed a new letter of credit with Macquarie Group, according to a press release.

Funds will go toward power purchase agreements and interconnection agreements with energy transmission networks, helping to quickly develop the company’s 3 GW solar and 2.5 GWh North American energy storage pipeline.

Vesper Energy is a developer, owner and operator of utility-scale renewable energy and energy storage assets based in Houston.

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