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CIM Group Launches National Power Platform

CIM Group has launched Permanent Power Company, a national power platform, following a series of recent transactions that include securing a long-term power purchase agreement (PPA) and a $400-million

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Summary

CIM Group has launched Permanent Power Company, a national power platform, following a series of recent transactions that include securing a long-term power purchase agreement (PPA) and a $400-million financing commitment from HPS Investment Partners, part of BlackRock Private Financing Solutions.

Permanent Power Company reflects the evolution of CIM Group’s power business from a collection...

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