NADB approves loan for Rio Grande solar project

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North American Development Bank, MIC Solar Energy Holdings LLC and Chevron Energy Solutions are teaming up to develop a new solar park near Presidio, Texas.

North American Development Bank (NADB) has approved a $35 million loan that will be used towards the development of the Bryan Solar Park, a 10 megawatt photovoltaic farm. The project will be built on 520 acres of leased privately owned land.

Bryan Texas Utilities, a municipally-owned power company in Bryan, Texas, will buy all the electricity produced by the project. Presidio is a city located along the Texas-Mexico border.

Read more at the San Antonio Business Journal.

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