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.
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Leeward Secures $1.25 Billion in Warehouse Facility Financing
Renewable Energy
Anti-Science Heartland Institute “Experts” Cheer the Deregulation of Greenhouse Gas Emissions
A reader notes: Scientific fact cannot be overturned by a corrupt president.
Good for you. It’s hard to find a more anti-science group on the entire planet than the Heartland Institute.
Anti-Science Heartland Institute “Experts” Cheer the Deregulation of Greenhouse Gas Emissions
At left we see a post from “Patriot First News.”
When they say “we the American people,” just how many are they talking about? Since most citizens are in vehement opposition to Trump, let’s start with the percentage of voters who approve of him, i.e., 37%.
Then, we have to subtract out all those who respect the U.S. Constitution.
It’s unclear how many remains, but it can’t be too many.
I happen to know several hardcore Trump supporters, but I doubt that there’s a single one who would suggest that the United States jettison the document that’s made this nation the envy of the world from the time its ratification in 1789 until Trump came along.
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There are 80K wind turbines operating in the United States as we speak, as suggested to anyone driving through the windy areas of the California deserts or West Texas.
Maybe you’re an anti-science climate denier moron, but doesn’t basic honesty mean anything to you?
Anti-Science Heartland Institute “Experts” Cheer the Deregulation of Greenhouse Gas Emissions
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