First Citizens Bank Serves as Lead Arranger on $133 Million for Massachusetts Battery Energy Storage Project
FCNCAFirst Citizens BancShares(FCNCA) Prnewswire·2024-06-14 00:10

NEW YORK, June 13, 2024 /PRNewswire/ -- First Citizens Bank today announced that its Energy Finance business served as coordinating lead arranger on $133 million of financing for the new Cranberry Point Energy Storage project planned for Carver, Massachusetts. Cranberry Point is a 150 MW / 300 MWh battery energy storage project developed by Plus Power with a targeted completion in the second quarter of 2025. Located on roughly 6 acres of land in Carver, Massachusetts, the project will interconnect near crit ...