The financing includes $702m in project bonds, a $150m project term loan facility and an $83m project letter of credit facility.
In addition, Genesis Solar secured a loan guarantee of 80% of the principal and interest on the project bonds and project term loan from the US Department of Energy, under Financial Institution Partnership program.
The company will use proceeds from the financing for the construction of utility-scale Genesis solar project, located in Riverside County.
Credit Suisse served as the lender applicant for the loan guarantee, the initial purchaser of the project bonds and the lender under the project term loan facility, while Banco Bilbao Vizcaya Argentaria provided the letter of credit facility.
