Redeux Energy secures $30M Macquarie LOC facility for US solar pipeline

A $30 million LOC facility from Macquarie supported Redeux Energy’s 7 GW US solar pipeline across ERCOT, MISO, CAISO, SERC, and WECC grid markets.

By Nandini Yelabaka 13 Jun 2025 in America Bytes Business Bytes

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Redeux has supported utility-scale solar growth by advancing 7 GW in project pipeline across five US grid regions. Image Credit/Source: Redeux Energy

US-based solar project developer, Redeux Energy has secured a $30 million revolving letter of credit(LOC) facility from Macquarie to support its 7 GW utility-scale solar pipeline. The funding will cover interconnection and PPA-related development expenses across ERCOT, MISO, CAISO, SERC, and WECC. The facility enables project advancement amid rising interconnection costs following FERC Order 2023 reforms. Redeux has sold 700 MW of solar and hybrid assets to date and is marketing 1.5 GW of solar capacity for closure in late 2025. Artola Capital Partners and Holland & Hart advised Redeux, while Macquarie was advised by Willkie Farr & Gallagher.

#USsolar #RedeuxEnergy #Macquarie #LOCfacility

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