Seattle & Northwest + Pacific Northwest + Industrial | April 6, 2023

Capital One Makes $90M Investment in Idaho Solar Facility

Capital One has provided a $90 million tax equity investment in Jackpot Solar project, a 120 megawatt (MW) solar facility located near Twin Falls in Southern Idaho. The sponsor, Duke Energy Renewables, is developing the project which is expected to be the largest solar facility in Idaho.

“We are excited to invest along Duke Energy Renewables, a leading developer of wind and solar projects, and be able to finance such an important renewable energy project,” said Capital One Managing Director George Revock. “Projects like these are an investment that benefits the local community and advances our commitment to supporting clients’ sustainability objectives.”

The Jackpot Solar project comprises 372,000 solar modules from Hanwha Q Cells, grouped in three 40 MW arrays. Idaho Power Company, a regulated utility serving Idaho and Oregon, has signed a 20-year power purchase agreement for energy generated by the facility.

Revock and Capitol One’s Managing Director Eugene Shlossberg originated the investment, which provided 100% of the facility’s tax equity financing.

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Inside The Story

Capital One EnergyGeorge RevockDuke EnergyIdaho Power Company

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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