energyRe has raised a $1.2 billion capital package to support expansion of its large-scale renewable portfolio. .
The portfolio, comprising utility-scale transmission and storage, onshore wind and solar generation, as well as offshore wind, will leverage these investments to advance its stated mission of decarbonizing U.S. cities.
“energyRe’s world-class renewable energy portfolio and team have earned the trust of institutional investors and are more ready than ever to advance the U.S. transition,” says Jeff Blau, energyRe’s chairman and founding partner. “We look forward to leveraging our experience and expertise to deliver reliable clean power and advance a sustainable, carbon-free American future.”
The package is comprised of committed capital investments from Glentra Capital alongside co-investors Novo Holdings and Denmark-based pension fund PKA. Glentra will leverage its track record in developing and constructing renewable energy assets in the U.S. to support the energyRe team’s growth plan.
Additionally, Ella Group has acquired a stake in energyRe and will be offering its expertise in the development, construction, operation and maintenance of offshore transmission infrastructure; HVDC technology; transmission planning and congestion management to the partnership.
The capital package also includes a mandated corporate debt facility to be arranged by Santander and Deutsche Bank.
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energyRe Raises $1.2 billion to Expand U.S. Project Portfolio
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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