{"id":507783,"date":"2021-06-29T12:39:06","date_gmt":"2021-06-29T16:39:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/centaurus-renewable-energy-llc-closes-70m-construction-bridge-loan-with-voya-investment-management-for-the-arroyo-solar-storage-project-in-new-mexico\/"},"modified":"2021-06-29T12:39:06","modified_gmt":"2021-06-29T16:39:06","slug":"centaurus-renewable-energy-llc-closes-70m-construction-bridge-loan-with-voya-investment-management-for-the-arroyo-solar-storage-project-in-new-mexico","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/centaurus-renewable-energy-llc-closes-70m-construction-bridge-loan-with-voya-investment-management-for-the-arroyo-solar-storage-project-in-new-mexico\/","title":{"rendered":"Centaurus Renewable Energy LLC closes $70M Construction bridge loan with Voya Investment Management for the Arroyo Solar & Storage Project in New Mexico"},"content":{"rendered":"

<\/p>\n

Centaurus Renewable Energy LLC closes $70M Construction bridge loan with Voya Investment Management for the Arroyo Solar & Storage Project in New Mexico<\/b><\/p>\n

HOUSTON–(BUSINESS WIRE<\/a>)–
\nCentaurus Renewable Energy LLC, the developer of the Arroyo Solar & Storage Project in McKinley County, New Mexico, announced today that it has closed a $70 million construction bridge loan facility provided by Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA).\n<\/p>\n

\nThe credit facility will be used to make payments for project equipment and for other development and construction expenses. The transaction was organized by Voya Investment Management\u2019s Direct Infrastructure team led by Tom Emmons and Ed Levin.\n<\/p>\n

\nThe Arroyo Solar & Storage Project is a 300MW-AC solar generation facility and a150MW\/600MWh battery energy storage system. Solar energy and battery storage services are committed under a 20-year power purchase agreement and energy storage agreement to Public Service Company of New Mexico. The project is expected to partially replace the power from the 847mw San Juan Generating Station, New Mexico\u2019s largest coal-fired plant, which is scheduled to cease operations in 2022.\n<\/p>\n

\nHouston-based Centaurus Renewable Energy LLC, was founded in 2013 and has developed approximately 20 solar projects totaling over 1.3GW-DC across seven states.\n<\/p>\n

About Voya Investment Management<\/b><\/p>\n

\nA leading, active asset management firm, Voya Investment Management manages, as of March 31, 2021, more than $248 billion for affiliated and external institutions as well as individual investors. With over 40 years of history in asset management, Voya Investment Management has the experience and resources to provide clients with investment solutions with an emphasis on equities, fixed income, and multi-asset strategies and solutions. Voya Investment Management was named in 2015, 2016, 2017, 2018, 2019 and 2020 as a \u201cBest Places to Work\u201d by Pensions and Investments magazine. For more information, visit voyainvestments.com. Follow Voya Investment Management on Twitter @VoyaInvestments.<\/b><\/a><\/span><\/p>\n

VOYA-IM<\/b><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210629005894\/en\/<\/a><\/span><\/p>\n

Media Contact:
\n<\/b>
Kristopher Kagel
\n
(212) 309-6568
\n
Kristopher.Kagel@voya.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Texas New Mexico<\/p>\n

INDUSTRY KEYWORDS:<\/b> Construction & Property Finance Urban Planning Utilities Banking Professional Services Building Systems Alternative Energy Energy<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Centaurus Renewable Energy LLC closes $70M Construction bridge loan with Voya Investment Management for the Arroyo Solar & Storage Project in New Mexico HOUSTON–(BUSINESS WIRE)– Centaurus Renewable Energy LLC, the developer of the Arroyo Solar & Storage Project in McKinley County, New Mexico, announced today that it has closed a $70 million construction bridge loan facility provided by Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA). The credit facility will be used to make payments for project equipment and for other development and construction expenses. The transaction was organized by Voya Investment Management\u2019s Direct Infrastructure team led by Tom Emmons and Ed Levin. The Arroyo Solar & Storage Project is a 300MW-AC solar generation facility … <\/p>\n

Continue reading “Centaurus Renewable Energy LLC closes $70M Construction bridge loan with Voya Investment Management for the Arroyo Solar & Storage Project in New Mexico”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-507783","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCentaurus Renewable Energy LLC closes $70M Construction bridge loan with Voya Investment Management for the Arroyo Solar & Storage Project in New Mexico - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/centaurus-renewable-energy-llc-closes-70m-construction-bridge-loan-with-voya-investment-management-for-the-arroyo-solar-storage-project-in-new-mexico\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Centaurus Renewable Energy LLC closes $70M Construction bridge loan with Voya Investment Management for the Arroyo Solar & Storage Project in New Mexico - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Centaurus Renewable Energy LLC closes $70M Construction bridge loan with Voya Investment Management for the Arroyo Solar & Storage Project in New Mexico HOUSTON–(BUSINESS WIRE)– Centaurus Renewable Energy LLC, the developer of the Arroyo Solar & Storage Project in McKinley County, New Mexico, announced today that it has closed a $70 million construction bridge loan facility provided by Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA). The credit facility will be used to make payments for project equipment and for other development and construction expenses. The transaction was organized by Voya Investment Management\u2019s Direct Infrastructure team led by Tom Emmons and Ed Levin. 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