US-based Birch Creek Energy, LLC, an independent power producer and utility-scale solar developer, secured a $150 million credit facility under KKR’s High-Grade Asset-Based Finance strategy. According to Birch Creek, the financing expands its previous $100 million facility to support development costs and equipment procurement for solar farms. Founded in 2019, Birch Creek primarily focuses on distribution-level utility-scale solar and storage projects in high-liquidity markets such as PJM, MISO, and ERCOT. The company claims a strong pipeline, including 160 MW of operational projects and 187 MW under construction, scheduled for completion by late 2024, bringing its total capacity to 347 MW. This financing allows Birch Creek to further its core solar projects and fund necessary equipment for advancing developments in key markets.
Birch Creek Energy secures $150 million credit from KKR
The $150M credit from KKR enhances Birch Creek’s solar projects, funding key development expenses and equipment. (Image Source: Birch Creek Energy)
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