Deriva Energy, a Charlotte, North Carolina–based renewable power producer owned by Brookfield, has completed a $141 million debt financing with MUFG. The financing supports three operating US solar projects totaling 340 MW across Idaho, Mississippi, and Colorado. The portfolio includes Franklin Solar at 100 MW in Idaho, Wildflower Solar at 100 MW in Mississippi, and Spanish Peaks Solar at 140 MW in Colorado. All facilities began operations in 2024 and are contracted under long-term PPA with corporate and utility buyers. Prior to this, Deriva Energy has raised $127 million for wind and solar assets in Texas, highlighting its consistent use of project-level debt markets. The company has now executed four financings within a twelve-month period, including $49 million in December 2024 and $207 million in October 2024. Deriva Energy said the new financing strengthens its ability to recycle capital into a 10.5 GW pipeline while operating a 6.2 GW portfolio.