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Strata Clean Energy has closed a $300 million revolving loan and letter of credit facility to expand its operational fleet and accelerate the commercialization of its diversified 17+ GW development pipeline. 

Nomura Securities International Inc. led the financing, acting as Sole Coordinating Lead Arranger, Bookrunner, and Nomura Corporate Funding Americas LLC as Administrative Agent, with First Citizens Bank and ING Capital as Joint Lead Arrangers alongside five other participant banks.

Notably, the loan adheres to a Green Financing Framework in accordance with the 2023 Loan Syndications and Trading Association (LSTA) Green Loan Principles. Nomura and ING Capital acted as Green Structuring Agents.

The proceeds of the loan will support the development, construction and operation of Strata’s upcoming renewable energy, energy storage and power-to-X projects. This facility also provides working capital for Strata’s growing EPC and O&M divisions, both of which have played a pivotal role in the company’s 15-year history of execution for its own independent power producer and third-party customers.

“This facility strengthens Strata’s liquidity position and enables us to drive forward with groundbreaking and economically viable renewable initiatives in markets nationwide,” says Alice Heathcote, CFO of Strata Clean Energy. “The support of our financial partners is instrumental in propelling us forward as a leading fully integrated cleantech platform, offering a comprehensive one-stop solution for development through construction, with an unwavering commitment to quality.”

Nixon Peabody and Norton Rose Fulbright acted as borrower’s and lenders’ counsel, respectively.

The post Strata Clean Energy Nets $300 Million in Funding to Support Growth appeared first on Solar Industry.

Strata Clean Energy Nets $300 Million in Funding to Support Growth

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Renewable Energy

Ørsted Installs at Sunrise Wind, Pentagon Blocks 7.5 GW

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Weather Guard Lightning Tech

Ørsted Installs at Sunrise Wind, Pentagon Blocks 7.5 GW

Allen covers Ørsted’s first turbine install at Sunrise Wind, Cadeler’s fleet expansion, the Pentagon’s 7.5 GW onshore backlog, and the UK’s £154B onshore wind opportunity.

Sign up now for Uptime Tech News, our weekly newsletter on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard’s StrikeTape Wind Turbine LPS retrofit. Follow the show on YouTubeLinkedin and visit Weather Guard on the web. And subscribe to Rosemary’s “Engineering with Rosie” YouTube channel here. Have a question we can answer on the show? Email us!

Happy Monday, everyone.

While headlines this week captured courtrooms and bankruptcy filings and permitting backlogs, out on the open water and deep inside factory order books, the wind turbines kept getting built.

Let us start off the coast of New York. Friday morning, April seventeenth, Ørsted installed the first wind turbine generator at Sunrise Wind — a 924-megawatt project, 84 turbines when complete. This is the same Sunrise Wind that was shut down just four months ago. The same Sunrise Wind that won a preliminary injunction in February. The same Sunrise Wind the Trump Administration chose not to appeal. And now the first turbine stands above the water. Cadeler’s wind turbine installation vessel Wind Scylla is doing the work. She just finished the same job at Revolution Wind. Ørsted says first power flows to New York later this year. Commercial operation the second half of 2027. Six hundred thousand homes on the grid.

Now follow us across the Atlantic. In the Polish Baltic Sea, another Cadeler vessel just began her maiden campaign. Her name: Wind Mover. Delivered last November from Hanwha Ocean in Korea, ahead of schedule. This new M-class installation vessel now sits at the 1.2-gigawatt Baltic Power offshore wind farm, installing Vestas V236 turbines — 15 megawatts apiece. Wind Mover’s sister vessel, Wind Osprey, is moving to the United Kingdom to start work at East Anglia Three. Cadeler has doubled its fleet in twelve months. By mid-2027, twelve vessels — the largest offshore wind installation fleet in the industry.

While turbines go up on the eastern side of the Atlantic, on the western side a different kind of wait is setting in. Bloomberg reported last week that the Pentagon is sitting on a backlog of at least 30 proposed American wind farms — 7.5 gigawatts of onshore capacity. Paperwork stalled. The issue is Section 10-32, the Defense Department’s review to ensure turbines do not interfere with military radar or aviation. Jason Grumet, head of the American Clean Power Association, calls it direct obstruction. His group sent a letter to the Pentagon earlier this month. The deadline for a response was April eighth. That deadline came and went. Seven point five gigawatts, waiting.

Now turn to the United Kingdom, where the direction could not be more different. A new report commissioned by Renewable UK and written by consultants at Everoze says expanding Britain’s onshore wind supply chain between now and 2050 could add £56 billion in economic value. That is on top of another £98 billion already expected — a total of £154 billion. UK onshore capacity is set to grow from 16 gigawatts today to more than 50 gigawatts by 2050. Seventy percent of lifecycle spend already stays in the UK. The report points to blades, towers, nacelles, drivetrains, and electrical gear for substations as the highest-value opportunities.

So let us step back. One turbine above the water off Long Island. A new vessel installing 15-megawatt machines in the Polish Baltic. Seven point five gigawatts of American onshore wind held up in Washington. And £56 billion staked on British onshore.

The policy fights are loud. The legal fights are louder. But this past week, the turbines went up.

That is the state of the wind industry for the 20th of April, 2026.

Join us for the Uptime Wind Energy Podcast tomorrow.

Ørsted Installs at Sunrise Wind, Pentagon Blocks 7.5 GW

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Renewable Energy

Big Money Still Controls Planet’s Energy

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When I was in college in the 1970s, I recall hearing people say, “We’ll have solar energy when the Rockefellers own the sun.”

Nothing’s changed too much in half a century.

Big Money Still Controls Planet’s Energy

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Renewable Energy

Even Trump’s Endorsement Can’t Ruin This Guy’s Chances in His Race for Office

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It’s hard to imagine how certain politicians can lose in the 2026 midterms, even with “the kiss of death” (Trump’s endorsement).

This guy’s district in Texas is largely the panhandle, far from the more educated and sophisticated parts of the state in Dallas, Houston, San Antonio, and Austin.

He’s a physician and retired admiral.

If for some horrible reason I lived in a town in that district, perhaps called Buzzardsbreath, TX, I would probably vote for him myself, even with Trump’s endorsement.

Even Trump’s Endorsement Can’t Ruin This Guy’s Chances in His Race for Office

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