Recurrent Energy’s Post

SolaREIT™, a leading renewable energy real estate #investment firm, has announced the successful closure of a revolving #credit facility with Atlantic Union Bank (AUB). This agreement provides #SolaREIT™ with an additional $30 million in liquidity, bolstering its capacity to scale operations and extend #financing solutions to #solar and #storage developers. Notably, this marks the second revolving credit facility established with #AUB, following a previous $15 million arrangement unveiled last year. SolaREIT™’s innovative #financingmodel offers robust options for solar and #batteryenergystoragesolution (BESS) developers and landowners alike. #SolaREIT #RenewableEnergy #RealEstateInvestment #SolarPower #BatteryEnergyStorage #Finance #Sustainability #AtlanticUnionBank #CleanEnergy #Innovation Read more: https://lnkd.in/d4myUpt8

Vesper Energy has announced the successful financing of its Hornet Solar project in Swisher County, TX. This utility-scale project spans over six square miles, boasts a nameplate capacity of 600MWac and 745MWdc, and utilizes cutting-edge bifacial photovoltaic modules on a single-axis tracking system. The project seamlessly connects to Oncor Electric's transmission system in the ERCOT region. The $590 million debt financing package was secured through a construction-to-term loan and letter of credit facility, with MUFG Bank Ltd., Nord/LB, and Santander Corporate & Investment Banking as coordinating lead arrangers. BayernLB served as the joint lead arranger, with Associated Bank as a lender. The financing structure strategically leverages Production Tax Credit (PTC) transfer funding facilitated by provisions under the Inflation Reduction Act, empowered by the monetization of over $500 million in PTCs. Navigating the complexities of securing project financing and a long-term purchase agreement for Production Tax Credits (PTCs) on a significant venture in west Texas was a formidable task, as highlighted by Vesper Energy's Chief Financial Officer, Robert Scheuermann. The successful closure reflects Vesper Energy's ability to create substantial value in the Hornet Solar asset. Blattner Energy has been entrusted with the construction of the Hornet Solar project, and the generated power is committed to four off-take partners through individual Power Purchase Agreements. Vesper Energy's portfolio extends beyond this project, encompassing ownership and operation of 100MW of solar projects. Furthermore, the company boasts a robust pipeline of over 55 renewable energy and energy storage projects, collectively contributing to an impressive generating capacity of 17GW. courtesy :- https://lnkd.in/draRRrz2 #VesperEnergy #RenewableEnergy #SolarPower #ERCOT #HornetSolar #SustainableEnergy #PTC #Financing #ProjectFinance #EnergyStorage #BlattnerEnergy #PowerPurchaseAgreements

Pinnacle are delighted to announce the imminent launch of an exclusive investment opportunity in a government-backed renewable energy company. Recognising the paramount importance of fostering a more sustainable world, the group is proud to introduce a state-of-the-art power generation plant that will spearhead land-based renewable power initiatives throughout the UK. This groundbreaking project, a nationally significant infrastructure venture, is poised to contribute power to the National Grid while utilising the remainder for internal facility operations. The electricity generated will adhere to the highest standards of security, cleanliness, and affordability. We are committed to unveiling our latest investment product each day this week, revealing remarkable details that underscore the exceptional features of this opportunity. Join us throughout the week to explore the intricacies of this exciting venture. For further information, you can call us on +44 (0) 204 502 1590, email: info@pinn.group or visit: www.pinn.group #responsibleinvestment #investing #investments #investors #investmentmanagement #investinchange #wealthmanagement #financialadvisor #financialfreedom #alternativeinvestments #investmentincome #investmentgrowth #investmentadvisor #investmentagent #investmentintroducer #investmentbroker #investmentdistibuter #assetmanager #Assetmanagement #alternativeinvestmentadvisor #alternativeinvestmentadvisors #alternativeinvestmentgroup #investmentopportunity #investmentopportunities #distributor

Since so many of my recent conversations reflect a hunger for best practices around funding renewable infrastructure projects, tomorrow's webinar with Wells Fargo and Advantage Capital comes at the perfect time. Would love to hear your feedback if you can attend! For more insider tips, see Banyan Infrastructure's timely article, "Insight Into The Proposed GGRF Accomplishment Reporting Framework," link below. https://lnkd.in/ebr8_vkP

Quinbrook Infrastructure Partners has successfully raised $3 billion for its Net Zero Power Fund (NZPF), focusing on energy transition infrastructure. The fund has already committed more than half of its proceeds to projects like large-scale solar & storage, battery storage, and renewable fuels across the US, UK, and Australia. This marks Quinbrook's largest fund to date, attracting institutional investors globally. This is just one example which highlights the increasing investor interest and significant opportunities in sustainable energy projects and infrastructure finance we're currently seeing. #infrastructure #infrastructurefinance #projectfinance #ESG #finance #energy Edward James

Quinbrook Infrastructure Partners is delighted to announce the successful closing of Quinbrook Valley of Fire Fund with $600 million in capital commitments from leading US and European institutional investors. The Fund is a continuation of the large scale solar+storage strategy of Quinbrook’s Low Carbon Power Fund which held its final closing in 2019. The Quinbrook Valley of Fire Fund has acquired 51% of the Gemini Solar + Storage project and 100% of the remaining Valley of Fire project development portfolio from the Low Carbon Power Fund and certain other equity holders. This successful closing underscores Quinbrook’s commitment to impactful renewable energy project development and new asset creation and its track record of pursuing strategies that seek to optimize returns for investors wanting differentiated exposure to the energy transition. Quinbrook is excited to welcome such well known and respected investors to Quinbrook, including lead investor Blackstone Strategic Partners and cornerstone investor Ares Management Infrastructure Secondaries funds. Read more: https://lnkd.in/eXRc7-cG Primergy Solar #infrastructure #energytransition

📢 We have exceeded €700 million under management in our sustainable infrastructure strategy as a result of having raised two new funds. Arcano Earth Fund II and ArcBlue Solar have completed their fundraising period, reaching a total of €420 million. 👉 𝗔𝗿𝗰𝗮𝗻𝗼 𝗘𝗮𝗿𝘁𝗵 𝗙𝘂𝗻𝗱 𝗜𝗜 has raised €331 million, exceeding its initial target of €300 million. The fund has successfully invested 78% of its committed capital into 16 deals that are mainly focused on energy transition and digital infrastructure across Europe and the United States. 👉𝗔𝗿𝗰𝗕𝗹𝘂𝗲 𝗦𝗼𝗹𝗮𝗿, in partnership with Bluefield Partners LLP, is following a build-up strategy of operational solar photovoltaic power plants in Italy. The fund has already invested €90 million in 10 projects, amounting to a total of 48MW in installed capacity. The success of this strategy was recently recognized at the IJInvestor Awards 2023, winning the award for ‘Impact Investor’ of the Year. The milestone we have reached by raising these two funds proves our commitment to investment strategies that contribute to the fulfilment of the United Nations Sustainable Development Goals. #ArcanoPartners #SustainableInfrastructure #EnergyTransition #ImpactInvestment #SustainableDevelopment.

ENVIRIA , a German C&I decentralised energy solutions provider, has entered into a definitive agreement on an equity investment of over $200 million from BlackRock, through its Global Renewable Power IV (GRP IV) fund. ENVIRIA said the additional capital will support the expansion of its already existing portfolio of 500 C&I solar projects across Germany as part of the company’s growth plan. “We are delighted to have found such a strong partner in BlackRock, who so enthusiastically supports our vision of empowering companies to harness the potential of solar,” said Melchior Schulze Brock, Founder and Chief Executive Officer of ENVIRIA. “BlackRock brings exactly the resources we need to continue our growth – both financially and in terms of knowledge." ENVIRIA is also supported in its goal by its Series A investors Galileo Green Energy, Redalpine, Alter Equity and BNP Paribas Développement. In addition to its 500 C&I solar portfolio, ENVIRA boasts a development pipeline that includes c.2,000 C&I projects totalling more than 2.3 GW, with a plan to deploy 1.7 GW by 2029. ENVIRIA represents the second investment that BlackRock’s GRP IV has made following the fund’s investment in Recurrent Energy in January. “Our investment in ENVIRIA adds to our strong track record of staying ahead of the curve in investing into infrastructure assets that are aligned with the energy transition, an investment theme that continues to show its growth and scalability,” commented Keith Mangan, Head of EMEA for Climate Infrastructure at BlackRock. Dirk Schmitz, Country Head of BlackRock in Germany, Austria, and Eastern Europe, added: “Germany’s shift to a low-carbon economy requires significant investment in renewable power infrastructure. “We are pleased to provide our clients access to this investment in a promising macro-economic environment for climate infrastructure in Germany." J.P. Morgan SE acted as exclusive placement agent to ENVIRIA on this transaction, while White & Case LLP acted as the legal advisor. #cleanenergy

📢 We have exceeded €700 million under management in our sustainable infrastructure strategy as a result of having raised two new funds. Arcano Earth Fund II and ArcBlue Solar have completed their fundraising period, reaching a total of €420 million. 👉 𝗔𝗿𝗰𝗮𝗻𝗼 𝗘𝗮𝗿𝘁𝗵 𝗙𝘂𝗻𝗱 𝗜𝗜 has raised €331 million, exceeding its initial target of €300 million. The fund has successfully invested 78% of its committed capital into 16 deals that are mainly focused on energy transition and digital infrastructure across Europe and the United States. 👉𝗔𝗿𝗰𝗕𝗹𝘂𝗲 𝗦𝗼𝗹𝗮𝗿, in partnership with Bluefield Partners LLP, is following a build-up strategy of operational solar photovoltaic power plants in Italy. The fund has already invested €90 million in 10 projects, amounting to a total of 48MW in installed capacity. The success of this strategy was recently recognized at the IJInvestor Awards 2023, winning the award for ‘Impact Investor’ of the Year. The milestone we have reached by raising these two funds proves our commitment to investment strategies that contribute to the fulfilment of the United Nations Sustainable Development Goals. #ArcanoPartners #SustainableInfrastructure #EnergyTransition #ImpactInvestment #SustainableDevelopment.  

Amber Infrastructure Limited is one of the largest owners / managers of #OFTO assets. So reading their 2023 sustainability report and updates on their contribution to #sdg2030 really emphasises the quality of the asset class. If you want to know more #followme as we explore this more in the coming months. #energytransition #greentransition #renewableenergy