Strata Clean Energy has closed a $300 million revolving loan and letter of credit facility to expand its operational fleet and accelerate the commercialization of its diversified 17+ GW development pipeline.
Nomura Securities International Inc. led the financing, acting as Sole Coordinating Lead Arranger, Bookrunner, and Nomura Corporate Funding Americas LLC as Administrative Agent, with First Citizens Bank and ING Capital as Joint Lead Arrangers alongside five other participant banks.
Notably, the loan adheres to a Green Financing Framework in accordance with the 2023 Loan Syndications and Trading Association (LSTA) Green Loan Principles. Nomura and ING Capital acted as Green Structuring Agents.
The proceeds of the loan will support the development, construction and operation of Strata’s upcoming renewable energy, energy storage and power-to-X projects. This facility also provides working capital for Strata’s growing EPC and O&M divisions, both of which have played a pivotal role in the company’s 15-year history of execution for its own independent power producer and third-party customers.
“This facility strengthens Strata’s liquidity position and enables us to drive forward with groundbreaking and economically viable renewable initiatives in markets nationwide,” says Alice Heathcote, CFO of Strata Clean Energy. “The support of our financial partners is instrumental in propelling us forward as a leading fully integrated cleantech platform, offering a comprehensive one-stop solution for development through construction, with an unwavering commitment to quality.”
Nixon Peabody and Norton Rose Fulbright acted as borrower’s and lenders’ counsel, respectively.
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Strata Clean Energy Nets $300 Million in Funding to Support Growth
For most of our lives, many of us boomers have believed that the biggest threat to the United States was our president, starting with Tricky Dick Nixon, the inventor of the “trickle-down economics,” liar Ronald Reagan, and GW (the moron) Bush.
But yes, none of us was prepared for the cold, calculating criminal who is Donald Trump.
There Were Prior Threats to the Nation Stemming from the White House
The fact that human activity is unsustainable has been revealed to us gradually over the last century. Rachel Carson’s “Silent Spring” was published 63 years ago.
That said, the ideas of climate change, ocean acidification, and loss of biodiversity have been essentially unchallenged by scientists for just the last couple of decades.
The only thing standing in the way of rapid environmental progress is greed, and in the end, that may prove to be an unbeatable foe. Decarbonizing our grid and transportation sector will eventually destroy the fossil fuel industry, a group so powerful that it has a stranglehold, both on our lawmakers and on our corporate-owned media, that works so hard to misinform our citizenry.
It’s still possible that our most senior military leaders will insert themselves in time to prevent some truly catastrophic event here in the United States/abroad.
I keep thinking I’ll read about an exchange like this:
Trump: We’re invading Greenland.
Some four-star general: The f*** we are.
This may sound like a pipe dream, but these are people of real honor and integrity who take their oaths to our constitution quite seriously.
Will the U.S. Top Military Intervene Before Trump Inflicts Irreparable Damage
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