- Funding Needed
- $974 (Mio)
- EB5 Funding
- $80 (Mio)
- EB-5 Investors
- Investment Amount
- Job Creation per Investor
- Job Creation (Total)
- Solar Electric Power Generation
- Tonopah, Nevada
- Last Update: September 28, 2015 03:35 PM
Not Verified Project
Your Project was viewed 22 times (totally).
For the last 7 days 0 times.
Crescent Dunes Solar Energy Project, Tonopah
MB Infrastructure Investment Group IX, L.P. (Group IX), was an EB-5 infrastructure investment of $90 million into two solar electric power generating systems to be developed by SolarReserve, LLC, Rice Solar Energy Project in Blythe, CA and Crescent Dunes Solar Energy Project in Tonopah, NV.
Of the $90 million that was lent to SolarReserve, $10 million is intended to be used for Phase I of the Rice Solar Energy Project and $80 million is intended to be used for the Crescent Dunes Solar Energy Project. Additionally, the infrastructure loan has a corporate obligation to repay.
SolarReserve’s Crescent Dunes project has also received a loan from the U.S. Department of Energy (DOE). The Crescent Dunes DOE Loan was closed in September of 2011 for $737 million. SolarReserve will be responsible for a share of the equity position of the project in conjunction with equity partners ACS Cobra and Santander. CMB Group IX investment capital will also be utilized by SolarReserve in the Crescent Dunes project. Group IX is projected to fund $80 million of SolarReserves’ equity contribution to the project. This Group IX investment will assist in the funding of all development
and construction activities of the project such as site preparation, grading, collection tower and power block foundation construction, solar systems construction, heliostat assembly and field implementation.
Upon full completion, the project is projected to cost nearly $1 billion and the construction activities of the partnership will generate approximately 6,688 indirect jobs.
4th Quarter 2013 – Majority completed, preliminary operational testing phases
2nd Quarter 2014 – Completion
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.