Eolian Gets $925 Million Renewable Resource Funding

Apr 22, 2022 11:03 AM ET
  • The financing took place in collaboration with Banco Santander, Natixis, MUFG and also Mizuho.
  • This was Natrixis' 2nd funding with Eolian, and follows their bilateral $100mm LC facility that closed in November last year.

Global Infrastructure Partners' (GIP) portfolio company Eolian has revealed the closing of a $925 million renewable resource financing. Eolian announced it in collaboration with Banco Santander, Natixis, MUFG and Mizuho.

The main declaration of the Eolian stated that the structured purchase will certainly better progress multiple strategies already underway as the Eolian group rapidly speeds up the release of economical decarbonizing technologies across the United States.

Banco Santander worked as the Agent Bank, Joint Lead Arranger and Bookrunner for Eolian in the unique financing. It stated that such a significantly diversified portfolio of top quality renewable properties at this scale is so difficult to assemble. "We wish to congratulate the Eolian and also GIP groups for this success. Santander eagerly anticipates additionally sustaining Eolian and GIP as they execute their ambitious development strategy for this distinctive platform," said Nuno Andrade, Head of Structured Finance US, Banco Santander.

Natixis held that the funding leverages the unique toughness of the Eolian organization version. "This deal is reflective of our commitment to climate change mitigation across the suite of our banking items, and deploys our unique Green Weighting Factor methodology that is made to promote financing transactions that have a positive climate effect," claimed Nasir Khan, Head of Infrastructure and also Energy Finance, Natixis Corporate & Investment Banking.

This was Natrixis' second funding with Eolian, and also follows their bilateral $100mm LC facility that enclosed November last year.

Mizuho stated that it will work together in the objective of Eolian to establish renewable energy services across the country. "Partnering with infrastructure programmers as well as monetary enrollers that have a major influence on energy transition to counter climate modification is a core tenant of our Investment & Corporate Banking technique," claimed Paul McNutt, Head of Power, Energy & Infrastructure, Mizuho Americas.

For GIP, the funding for Eolian, with its 16 GW of running possessions is an ongoing vindication of its picks in the renewable sector. It has a portfolio company, Vector Green in India also.

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