Longroad Energy secures $600 million debt financing for wind, solar, and battery growth. Financing comprise a $275 million term loan, $175 million revolving credit, and a $150 million letter of credit. Following a $500 million equity investment in August 2022, this capital boosts the shift to project ownership. Apterra Infrastructure Capital leads the syndicated credit facility.
Longroad Energy secures $600M for renewable growth
The capital infusion aims to expand the operational fleet to 9 GW by 2027 and support a 30 GW development pipeline. Illustration from Longroad Energy.
Zelestra’s La Unión plant, equipped with 220,960 panels, will generate clean energy equivalent to planting 12.3 million trees. (Image Source:Zalestra)
Enel’s partnership with Texas Solar Sheep marks the largest solar grazing agreement in the US, covering 10,100 acres. (Photo Credit: Enel North America)
NorSun’s new Tulsa factory will supply Heliene’s Minnesota facility with U.S.-made wafers, boosting domestic solar manufacturing. (Photo Credit: Pixabay)
Anza’s software offers solar developers a competitive edge with advanced tools.(Photo Credit: Anza Renewables)