CleanCapital secures US$ 200m credit facility for US solar, storage pipeline
- Energy financial investment platform CleanCapital has secured a US$ 200 million credit facility to sustain its pipeline of dispersed solar as well as energy storage projects.
This will certainly facilitate the expansion of CleanCapital's first support portfolio of solar assets which presently includes 35 solar assets throughout 11 US states and with an overall capacity of 29MW.
The facility will certainly be able to accommodate different types of offtakes including utility offtake, commercial & industrial power purchase agreements (PPAs), net metering and community solar.
Dutch financial institution Rabobank will work as the lead arranger, management as well as collateral agent with the facility expanding in time.
Melinda Baglio, chief investment policeman at CleanCapital, said: "This facility will enable us to be even more responsive to market opportunities, even more cementing CleanCapital's reputation as a leader in releasing capital right into this section."
