Primergy secures major U.S. energy project bond financing, bringing lifetime closed transactions to over $5 billion‍ OAKLAND, CALIF. — March 10, 2026 Primergy and Quinbrook announced today that the Gemini Solar + Storage Project (‘Gemini’) has secured a landmark refinancing through a $600 million private placement of Senior Secured Notes (the “Notes”) together with a $160 million letter of credit facility.

For corporate and non-utility energy buyers looking for low-priced solar power purchase agreements (PPAs), Southwest Power Pool's (SPP) expansion into the Western Electricity Coordinating Council's (WECC) territory — with RTO West and Markets+ — is an attractive alternative to the Electric Reliability Council of Texas (ERCOT) market.

Primergy is proud to announce that Ty Daul has been selected as part of Tamarindo’s 2025 Energy Transition Power list. This honor highlights both Primergy and Ty’s commitment to strengthening America’s energy independence and future. The 2025 Energy Transition Power List features the top 100 individuals that have had the greatest impact on the rollout of renewable energy projects and related technologies over the last 12 months.

Consumers and buyers alike, however, will benefit from more transactable clean power in the West and a streamlined environment for dealmaking. Much of the western United States remains vertically integrated, making it difficult for corporate customers,—who account for 25% of total U.S. renewable energy purchases and 39% of new PPAs in 2024—to bring shovel-ready projects online because liquid power markets have not been established yet. In other words, there is currently no mechanism in place to do direct procurement in the West.