Longroad Energy Announces Financial Close and 294 MW(dc) Muscle Shoals Solar Project Sale

Longroad Energy, a US-based renewable energy developer, owner and operator, announced today the financial close and sale of the Muscle Shoals Solar project, a 294 MWdc project located in Colbert County, AL.  Ørsted, the global renewable energy company, acquired the project at financial closing.  Muscle Shoals Solar, the largest renewable energy project in Alabama, is expected to come on-line mid 2021 and Longroad Energy will manage the construction. "Longroad is pleased with the results of our development and financing efforts," said Charles Spiliotis, Chief Investment Officer of Longroad. "Closing renewable energy projects in the face of the global pandemic is a testament to the quality of the project, our team's capabilities in development and financing, and our track record of delivering high quality, competitive investments."