Longroad Energy, a U.S.-based renewable energy developer, owner and operator, has closed $600 million in debt financing to continue growing its wind, solar and battery portfolio.
The financing is composed of a $275 million term loan, a $175 million revolving credit facility and a $150 million letter of credit facility. The new financing follows last year’s $500 million equity investment by Infratil, New Zealand Superfund and MEAG, which marked Longroad’s shift toward primarily project ownership rather than project sales.
“This additional capital will fuel the expansion of our owned operational fleet to more than 9 GW by 2027, and support our robust 30 GW pipeline of development projects,” says Paul Gaynor, CEO of Longroad. “We appreciate the continued confidence of our investors and banking partners in Longroad’s platform and execution. We are excited to welcome and thankful for the institutions who have come into this new financing.”
The syndicated corporate credit facility was led by Apterra infrastructure capital, a platform company of Apollo and joint lead arrangers Barclays and HSBC.
The post Longroad Energy Closes $600 million Debt Financing Round appeared first on Solar Industry.
As shown below, there are tons of large clean energy projects slated for construction in the PJM (midAtlantic) region.
Once the Republicans’ war on renewables comes to a close, things could get interesting.
They are both the results of the human need to make sense of the world around us and to unravel life’s great mysteries.
The idea of a calm presentation of the news may have a certain surface-level appeal, and, at most points in history, that may have been completely appropriate.
But what about 1933 when Hitler was coming to power in Germany?
What about 2026 while Trump is destroying American democracy?
If you’re an American and you’re not infuriated, there is something profoundly defective in you.
-
Climate Change1 year ago
Guest post: Why China is still building new coal – and when it might stop
-
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”
-
Greenhouse Gases1 year ago
Guest post: Why China is still building new coal – and when it might stop
-
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”
-
Renewable Energy11 months agoSending Progressive Philanthropist George Soros to Prison?
-
Climate Change2 years ago
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
-
Greenhouse Gases1 year ago
嘉宾来稿：探究火山喷发如何影响气候预测
-
Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits