Leeward Renewable Energy (LRE), a leading renewable energy company, has secured $1.25 billion in financing for its construction warehouse facility, marking a significant scaling of its financing capacity to support continued investments in its rapidly growing operating portfolio.
The warehouse provides three years of committed capital designed to fund a multi-year build plan of advanced and construction-ready projects from LRE’s development pipeline. Initially, the $1.25 billion revolving facility will fund the construction of six fully contracted wind, solar and battery storage projects, totaling nearly 1 gigawatt of capacity, which are expected to be completed and begin operation throughout 2024 and 2025. LRE’s renewable energy platform currently includes more than 3 GW of operating assets and more than 30 GW of projects in its development pipeline to meet rising demand.
“LRE has experienced tremendous growth, and this financing arrangement supports our momentum by funding the construction of renewable energy projects in our development pipeline over the next three years,” says Chris Loehr, LRE’s senior vice president, Finance. “We are pleased to have the continued support from leading financial institutions, reflecting a shared commitment to advance clean energy. This arrangement further demonstrates the market’s confidence in our strategy of delivering reliable, long-term renewable energy solutions for our customers and contributing meaningfully to the communities we serve and the environment.”
“Wells Fargo is pleased to support LRE and provide the company with capital to help scale and support its growing renewable energy platform,” says Bobby Ausman, executive director in the Renewables and Asset Finance Group in Wells Fargo’s Corporate & Investment Bank. “The warehouse facility will further provide LRE optionality to access diverse sources of permanent capital as it pursues its strategy to develop and own long-term renewable energy solutions.”
LRE’s legal counsel for the transaction was Stoel Rives LLP, while lender counsel was Latham & Watkins LLP.
The post Leeward Secures $1.25 Billion in Warehouse Facility Financing appeared first on Solar Industry.
Leeward Secures $1.25 Billion in Warehouse Facility Financing
From “The Other 98”
Trump now wants Americans to believe that greenhouse gases don’t endanger human life, a claim that flies in the face of virtually every scientist on Earth. His administration just erased the EPA’s longstanding “endangerment finding,” the scientific and legal cornerstone that said carbon pollution warms the planet and harms human health. Without it, the EPA can no longer regulate greenhouse gases from factories, cars, or power plants, effectively stripping the federal government of its ability to combat climate change.
Trump is nothing if not predictable and consistent in his policies that fly into the teeth of science and cause grievous harm to our health.
Since science recognize vacci nations as safe and effective, why not appoint an anti-vaxxer to head up the Department of Health and Human Services?
Coal is by far the most toxic source of energy, so guess what Trump supports.
Baby boomers remember shows like Bugs Bunny and Rocky and Bullwinkle, and lament that quality television for young no longer exists.
Appreciation for shows like these require a basic level of understanding of music, art, and above all, history.
From the list at left, I wonder why most of these cities are bright blue.
I’m going to guess that life in these places requires affluence, and affluence generally derives from good education, good breeding, good manners, and tolerance for other people.
Santa Barbara is too small (population 89K) to make the list, but it’s incredibly pricey, and it’s next to impossible to find a Trump supporter there.
Why Are the People in Our Most Expensive Cities Largely Democrats
Trump Digs Coal
The Sickening Decline of American Education
Why Are the People in Our Most Expensive Cities Largely Democrats
Guest post: Why China is still building new coal – and when it might stop
Guest post: Why China is still building new coal – and when it might stop
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
-
Climate Change6 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases6 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Climate Change2 years ago
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
-
Greenhouse Gases2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change2 years ago
Spanish-language misinformation on renewable energy spreads online, report shows
-
Climate Change2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change Videos2 years ago
The toxic gas flares fuelling Nigeria’s climate change – BBC News
-
Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits