Permanent Power Company closes ~$600M construction financing for solar/storage project Grape

CIM Opportunity Zone Fund, L.P.

Total financing ~$600M: $372.3M construction-to-term loan, $166.7M tax credit bridge, $61.3M LC.
Grape project: 246.4 MWac solar PV + 150 MWac (600 MWh) battery storage; under construction in CA.
Long-term PPA with investment-grade regulated utility for entire solar and storage output.
Project expected to support 400+ construction jobs and power over 86,000 CA homes annually.
Company targets 1,200 MWac solar & 690 MWac BESS portfolio; prior $400M commitment from HPS/BlackRock.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.