Carambola OpCo DRE

Backbone and Carambola BESS Portfolio - Financing

Borrower(s)
Industry
Power/Battery storage
Area of finance
Project & Infrastructure Finance
Region
North America
North America
Countries
United States

Deal Overview

Financing of greenfield utility-scale battery energy storage system (BESS) projects consisting of Backbone and Carambola, with capacities up to 121 MW AC / 242 MWh AC (2-hour) and 98.35 MW AC / 196.70 MWh AC (2-hour), located in Burnet and Hidalgo Counties, Texas, United States. Backbone has a...

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Deal Volume
$135.6m
Financial Close
16/01/2026
Dealmakers
Sources
Submitted by participant(s)

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Tranches

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Project Deals

121 MW/242 MWh Backbone Creek BESS
$67.8m
Greenfield
Battery storage
North America
North America
United States
98.35 MW/196.70 MWh Carambola BESS
$67.8m
Greenfield
Battery storage
North America
North America
United States