Ecoplexus, an American developer, owner, and financier of utility-scale solar and storage assets, has officially closed a new $300 million credit facility. The financing package was structured by capital accounts formally advised by KKR, along with a letter of credit facility provided by the financial institution Sumitomo Mitsui Banking Corporation (SMBC). This large financial facility will support the rapid advancement of a significant portfolio exceeding 13 GW in the US. The secured funding is further expected to enable more than $2.5 billion in future project finance for strategic assets. Ecoplexus had developed and financed projects in regions such as PJM, MISO, ERCOT, WECC, and the Southeast since its inception.