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
Renewable Energy
Explore Commercial Heat Pump Warranties: What Cyanergy Offers?
Renewable Energy
Handing the Keys to the Kingdom over to the Chinese
When I argue for environmental responsibility and the decarbonization of the grid, I often say:
I know there are people who believe, perhaps because this is what they’re told by Donald Trump, that climate change is a hoax. But are there people who don’t believe in cancer? In the importance of our country’s investing in the industry that is destined the dominate the 21st Century?
Trump will be gone soon. Maybe you and I will be gone (in a different sense) before the effects of this administration’s folly in the EV and cleantech industry are fully felt.
But it’s inevitable, unless we turn this around, and soon.
Renewable Energy
Small, Vertical-Axis Wind Turbines (VAWTs)
In preparation for my first book, “Renewable Energy – Facts and Fantasies,” I interviewed Ray Lane, then managing partner of Kleiner Perkins, one of the world’s great venture capital firms, who told me about his stance with his prospects, “You build the first one. I’ll invest in the next 20. Then we’ll take the thing public and use that cash to build the next 5000.”
I’m 99+% sure that the “first one” of these will never be built, i,e., installing these VAWTs at the base of functioning wind farms. The concept is asinine, as it defies the laws of fluid dynamics.

.
-
Climate Change4 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases4 months ago
Guest post: Why China is still building new coal – and when it might stop
-
Climate Change2 years ago
Spanish-language misinformation on renewable energy spreads online, report shows
-
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 Change Videos2 years ago
The toxic gas flares fuelling Nigeria’s climate change – BBC News
-
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”
-
Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits
-
Climate Change2 years ago
Why airlines are perfect targets for anti-greenwashing legal action
