Panamint Capital Secures $1.8 Billion Green Loan for Largest Brownfield Renewable Energy Project in North America
Key Highlights
- ➤$1.8 billion green loan finances Panamint Capital’s 1.2 GWdc Big Rooter Power project
- ➤$769 million first phase funds construction of the 491 MWdc Big Rooter West
- ➤Big Rooter West targets August 2028 commercial operation after construction began July 2026
- ➤Big Rooter East financing exceeds $1 billion and is expected to close in Q1 2027
- ➤SMBC, MUFG, and Lloyds arranged financing for the largest North American brownfield renewable project
Expert Statements
Apolka Totth, CEO of Panamint Capital
“The completion of this financing with Lloyds, MUFG and SMBC is a strong vote of confidence in our Big Rooter Power project and in Panamint's innovative approach to optimizing America's energy infrastructure”
Paul Jun, Head of Power & New Energies Project Finance at SMBC
“We are pleased to partner with Panamint Capital in financing Big Rooter West. This transaction underscores SMBC's commitment to supporting best-in-class clean power projects that deliver critical generation capacity to meet growing power demand”
Timothy Chin, US Head of Infrastructure & Project Finance at Lloyds
“We are pleased to support Panamint Capital and KKR on the financing of Big Rooter West, bringing our infrastructure and project finance expertise to an important investment in US energy infrastructure. We look forward to building on these relationships as the wider Big Rooter Power project progresses”
Matt Curtin, Managing Director at MUFG
“MUFG is proud to support Panamint Capital and KKR as a CLA and Administrative Agent on this important transaction, financing the first phase of the $1.8 billion, 1.2 GWdc Big Rooter Power solar project, which will help meet growing demand in Texas with a low carbon solution”
Tony Shi, Director at Panamint Capital
“Closing a transaction of this scale and complexity is a direct reflection of Panamint's deep execution capabilities and strong capital markets relationships. The competitive terms and robust demand we secured demonstrate the market's confidence in the quality of this solar facility and in Panamint's ability to structure complex energy deals”
Panamint Capital Secures $1.8 Billion Green Loan for Largest Brownfield Renewable Energy Project in North America PR Newswire
INCLINE VILLAGE, Nev., Nov. 4, 2026 /PRNewswire/ -- Panamint Capital LLC, a leading energy infrastructure investor, has achieved financial close on the first phase of a $1.8 billion Green Loan to finance construction of Big Rooter Power, a 1.2 GWdc solar PV project located at the firm's Twin Oaks Power Station and Calvert Mine in Robertson County, Texas. Proceeds from the $769 million first phase will fund ongoing construction of the 491 MWdc Big Rooter West portion of the project. The over $1 billion second phase of the Green Loan will finance construction of Big Rooter East, the project's 658 MWdc second stage.
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