$63M Webb County solar farm lights up with SA-based bank’s funding

The San Antonio-based North American Development Bank is putting up a third of the funding needed to build a $216 million solar park outside Laredo that could supply energy to more than 30,000 homes.

The U.S. subsidiary of German renewable energy developer BayWa r.e. signed a $62.9 million loan agreement with the bank during a virtual signing ceremony on Wednesday. Cobank ACB, the New York branch of Intesa Sanpaolo SPA and Siemens Financial Services Inc. are also funding the project, according to…


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