Assertion Supported AI assessment confidence: 95% certainty 4/5 debate potential 1/5

Hill cites multi-billion dollar project financings across wind and solar

Marion Hill · The trends shaping the energy transition [partner content] · Dec 13, 2022 · at 3:50

Marion Hill, Senior Vice President at DNV, explains the massive scaling of renewable energy capital deployment to Shayle Kann.

0:00 / 0:23exact quote · 23.5s

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“When we look at the size of the offshore wind portfolio, Vineyard Wind secured 2.3 billion dollar loan for their vineyard financing. Our NG recently closed an eight hundred million Dollar loan for a portfolio of wind and solar assets, or Intersect Power that secured 2.4 billion dollar loan for a portfolio of solar and storage assets.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Prior to December 2022, Vineyard Wind secured a $2.3 billion loan, an energy company ('Our NG'/Engie/RWE) closed an $800 million loan for a portfolio of wind and solar assets, and Intersect Power secured a $2.4 billion loan for solar and storage assets.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

All three financing transactions cited by Marion Hill are confirmed by financial press releases and industry reporting prior to December 2022: (1) On September 15, 2021, Vineyard Wind 1 reached financial close on approximately $2.3 billion in senior debt financing for its 800 MW offshore wind project; (2) On March 31, 2022, ENGIE North America (phonetically transcribed in the podcast audio as 'Our NG') completed an $800 million financing package for a 665 MW portfolio of wind and solar projects; and (3) On September 29, 2022, Intersect Power closed $2.4 billion in new financing commitments for four solar-plus-storage projects totaling 1.5 GWdc solar and 1.0 GWh battery storage.

September 15, 2021: AVANGRID and Vineyard Wind announced financial close on approximately $2.3 billion of senior debt financing with nine global lending institutions for Vineyard Wind 1.
March 31, 2022: ENGIE North America closed an $800 million financing package (tax-equity and equity) for a 665 MW portfolio of wind (Iron Star, Priddy) and solar (Hawtree) assets.
September 29, 2022: Intersect Power closed $2.4 billion in new financing commitments (including $1.6 billion construction debt) for solar-plus-storage assets (Oberon I & II, Lumina I & II).

Checked against

[1] avangrid.com [2] vineyardwind.com [3] mercomcapital.com [4] sec.gov [5] engie-na.com [6] renewablesnow.com [7] renewableenergymagazine.com [8] reglobal.org

800 million financing portfolio wind solar 2021 2022 Vineyard Wind 2.3 billion financing loan closed 2021 2022 800 million loan wind solar assets portfolio 2021 2022 Engie RWE ORNX ORLEN Intersect Power 2.4 billion financing portfolio solar storage 2021 2022

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

Intersect Power Vineyard Wind

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