Birch Creek Energy has closed on a $150 million credit facility within KKR’s High-Grade Asset-Based Finance strategy via insurance accounts managed by KKR.
The financing extends and upsizes Birch Creek’s previous $100 million facility, and it will be used to finance development expenses and equipment for solar farms in the company’s development portfolio.
The company says that it presently owns 160 MW of operating projects in its independent power producer, with an additional 187 MW under construction set to place in service over by the end of 2024.
“We are thrilled to have strengthened our relationship with KKR through the renewal and upsize of our credit facility,” says Dan Siegel, CEO of Birch Creek.
“Through this facility, we are able to continue the development of solar projects in certain core markets, while also funding select equipment purchases for projects closer to construction. We are proud to work with KKR and appreciate their confidence in our platform as we continue to grow our unique, speed-to-market strategy.”
The post Birch Creek Closes $150m Credit Facility with KKR appeared first on Solar Industry.
Every day, our nation’s face is pushed a little bit further into the toilet.
Gotta love the creativity, and certainly the sentiment, that is captured by the artist whose work we see here.
In reality, however, Lady Liberty should be depicted sitting with slumped shoulders, tears rolling down her cheeks.
There has never been a moment anything like the present in U.S. history. A sociopathic criminal in the White House, bolstered by traitors in both Congress and the Supreme Court.
It’s always encouraging to see the emergence of another brilliant astrophysicist into our culture — not that his message here is particularly encouraging.
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