CleanCapital protects US$ 200m credit history facility for United States solar, storage space pipeline
- Energy financial investment system CleanCapital has actually protected a US$ 200 million credit score facility to sustain its pipeline of distributed solar and energy storage projects.
This will certainly facilitate the development of CleanCapital's first anchor portfolio of solar assets which currently consists of 35 solar assets across 11 US states as well as with a complete capacity of 29MW.
The facility will certainly be able to accommodate various types of offtakes consisting of utility offtake, commercial & commercial power purchase agreements (PPAs), net metering as well as community solar.
Dutch bank Rabobank will certainly function as the lead arranger, management and collateral agent with the facility expanding with time.
Melinda Baglio, chief financial investment police officer at CleanCapital, stated: "This facility will enable us to be a lot more receptive to market opportunities, even more sealing CleanCapital's credibility as a leader in releasing capital right into this segment."
