Excited to support Cloudbreak Energy’s 106 MWdc community solar portfolio through a safe harbor financing solution, in collaboration with Crux.
Cloudbreak Announcement: https://lnkd.in/gKt9Yj5z
Safe harbor financing is becoming an increasingly important tool available to clean energy developers.
We're pleased to share that Crux facilitated a safe harbor financing facility between Cloudbreak Energy and Bildmore Clean Energy. The transaction enabled Cloudbreak to safe harbor 106 MWdc of distributed generation assets across Colorado and Maryland, securing investment tax credit eligibility and mitigating FEOC risk on the portfolio.
Crux managed the deal from origination through execution, from sourcing and vetting lenders, identifying Bildmore as the right fit based on its investment strategy and ability to underwrite project-level collateral, and coordinating diligence and deal structuring across all parties.
Read the full announcement:
https://lnkd.in/gTmXCHxR
With this latest transaction closing, the Doral Renewables LLC team has now closed over $2.5 billion of project and corporate financing over the last 6 months. For me, these accomplishments highlight four key pillars of our strategy at Doral:
1) Efficiency - We have a four-person Finance & Strategy team. Many companies our size have teams many multiples this size. Significant credit is due to Austin MandelDario Abramskiehn and Adrian A. who directly led these transactions for Doral.
2) Scale - Much of what enables the above is our focus on economies of scale, especially with respect to project sizing. Repeatable financing approaches add value from this perspective as well and lower relative soft costs.
3) Quality - We can't do any financing without high-quality projects and team leadership throughout the value chain. That starts with our Prospecting efforts, through Development, and into Project Execution and Operations, but of course extends to Legal & Compliance, Treasury, Interconnection, and all aspects of our integrated business model.
4) Partnership - Most importantly, we have always at Doral prioritized partnership among all else. It starts with our farmer and landowner community and extends to everything we do. We are very pleased to have worked with both new and multiple-time partners on each of these transactions.
Thank you to everyone involved in these transactions for your support of Doral and the communities we serve.
🌞 Thrilled to announce that we have closed nearly $900mm in financing for our Cold Creek Solar + Storage project in Texas!
With 430 MWac and 340 MWh of capacity coming online, we're one step closer to a more affordable, resilient energy future.
This is a huge milestone, and it wouldn't have been possible without incredible partnerships. A heartfelt thank you to our lenders MUFG , Santander , HSBC Commercial Banking, Ally, IDB Bank and to our counsel at McDermott Will & Schulte, lender counsel at Norton Rose Fulbright, our advisor in relation to the PTC transfer at Marathon Capital, to White & Case LLP who represented the buyer and Stonehenge Capital who acted as the broker on the PTC transaction. Your commitment to clean energy makes projects like this a reality.
A massive thank you to our entire team, our partners, and everyone who believed in this vision. We're just getting started!
#SolarEnergy#CleanEnergy#ProjectFinance#Renewables#EnergyTransitionEvan SpeeceDario AbramskiehnAustin MandelAdrian A.
Sunrise Mountain Partners is pleased to announce that we have secured a loan commitment from Overlay Capital to support the development of a 27 MW portfolio of Illinois community solar projects.
https://lnkd.in/ev_nzpvQ
Doral Renewables LLC has secured nearly $900 million in financing commitments to support the construction of its Cold Creek Solar & Storage project in Texas.
The financing package includes a mix of construction debt, tax equity, and other funding structures, reflecting strong investor confidence in utility-scale solar-plus-storage assets. The Cold Creek project is part of Doral’s expanding renewable portfolio across the U.S.
Evan Speece, Chief Financial Officer at Doral Renewables LLC, stated that closing these financings and partnering with a strong lender group positions the company for continued growth, with Cold Creek serving as a cornerstone project in Texas. Meanwhile, Louise Pesce, Head of North American Power, Project Finance at MUFG, highlighted that supporting the Cold Creek project reflects commitment to advancing critical energy infrastructure and strengthening U.S. energy independence through reliable, utility-scale solutions.
To Know More: https://lnkd.in/drczyETA#RenewableEnergy#SolarEnergy#EnergyStorage#CleanEnergy#Sustainability#EnergyTransition
Excited to be partnering with Overlay Capital on an interconnection deposit facility that will support the development of 27 MW of community solar in Illinois.
https://lnkd.in/euVarEVT
Brookfield Asset Management Ltd. has teamed up with the Caisse de Dépôt et placement du Québec to acquire Boralex Inc., a Quebec-based renewable energy company with operations in Canada, France, the United States and United Kingdom.
https://lnkd.in/g7SQA_uD
Two major deals with Nuveen, a TIAA company in under a year. This $117M investment anchors a 145MW commercial solar portfolio. Grateful for our partners who help us push the boundaries on how we finance and deliver clean energy at scale. Proud of the squad for getting this across the line.
#CommercialSolar#TaxEquity#EnergyTransition#communitysolar
We’re proud to deepen our partnership with Nuveen, a TIAA company, through a $117M preferred tax equity investment, our second transaction together in under a year. The investment, along with expected tax credit transfer proceeds, will support a 145MW portfolio of commercial solar projects across Maryland, Illinois, New Jersey, and Minnesota.
This transaction reflects the continued shift toward more efficient, scalable financing structures that enable faster capital deployment and accelerated project delivery across our growing portfolio.
We’re excited to continue building with best-in-class partners and scaling distributed energy infrastructure across the U.S.
Read more here: https://lnkd.in/eRXSEVGv
We’re proud to deepen our partnership with Nuveen, a TIAA company, through a $117M preferred tax equity investment, our second transaction together in under a year. The investment, along with expected tax credit transfer proceeds, will support a 145MW portfolio of commercial solar projects across Maryland, Illinois, New Jersey, and Minnesota.
This transaction reflects the continued shift toward more efficient, scalable financing structures that enable faster capital deployment and accelerated project delivery across our growing portfolio.
We’re excited to continue building with best-in-class partners and scaling distributed energy infrastructure across the U.S.
Read more here: https://lnkd.in/eRXSEVGv
Exciting news - we are happy to be partnering with Nuveen, a TIAA company to get more industrial rooftop solar projects built and deliver benefits to communities across MD, IL and NJ!
We’re proud to deepen our partnership with Nuveen, a TIAA company, through a $117M preferred tax equity investment, our second transaction together in under a year. The investment, along with expected tax credit transfer proceeds, will support a 145MW portfolio of commercial solar projects across Maryland, Illinois, New Jersey, and Minnesota.
This transaction reflects the continued shift toward more efficient, scalable financing structures that enable faster capital deployment and accelerated project delivery across our growing portfolio.
We’re excited to continue building with best-in-class partners and scaling distributed energy infrastructure across the U.S.
Read more here: https://lnkd.in/eRXSEVGv
💰 ArcLight Capital Partners Closes $3.9B Fund VIII to Accelerate Infrastructure Investments
ArcLight Capital Partners has successfully closed ArcLight Infrastructure Partners Fund VIII at $3.9 billion, exceeding its $3.0 billion target by ~30%—a strong signal of investor appetite for infrastructure-focused strategies.
With over $6 billion raised in the past 24 months, ArcLight is well-positioned to accelerate investments across power, renewables, energy storage, transmission, midstream, and digital infrastructure.
Fund VIII reinforces ArcLight’s long-standing focus on value-added investments in critical electrification assets, backed by deep operational expertise and long-term partnerships.
https://lnkd.in/eqZHNT8F#PrivateEquity#Infrastructure#EnergyTransition#Fundraising#Renewables#M&A
