The company closed approximately US$370 million in construction and term financing, led by international banks Santander, Bank of America, Natixis and Societe Generale. The company did not disclose the capacity or project makeup of the portfolio when contacted by PV Tech.

Try Premium for just $1

Full premium access for the first month at only $1
Converts to an annual rate after 30 days unless cancelled
Cancel anytime during the trial period

Start $1 Trial

Premium Benefits

Expert industry analysis and interviews
Digital access to PV Tech Power journal
Exclusive event discounts

Or get the full Premium subscription right away

Get Premium Subscription

Or continue reading this article for free

Get Basic (FREE) Subscription

Ryan Brown, chief operating officer of EnergyRe, said: “These projects represent the scale, innovation and collaboration that define EnergyRe’s approach to reimagining America’s energy future.”

The company closed a US$240 million deal last year to finance the 108MWdc/198MWh Lone Star solar-plus-storage project in South Carolina, which it says is one of the largest solar-plus-storage projects in the Southeastern US.

In May, it inked a renewable energy certificate (REC) purchase deal with Google in South Carolina. The deal will see the tech and data giant purchase RECs from a 600MW solar PV and energy storage project portfolio in the state to offset power used at its data centres at its Berkeley County Campus.

Fellow Silicon Valley giant, Meta, has also signed offtake agreements for solar projects to power its data centres in South Carolina. In August, US-based developer Silicon Ranch and utility Central Electric Power Cooperative announced plans to build a 100MW solar project to provide RECs to Meta for its data centre in Aiken, South Carolina.

Back in 2023, EnergyRe secured a US$1.2 billion deal to support the building of both solar-plus-storage and transmission infrastructure in the US.

UPCOMING EVENT

Large Scale Solar Central Eastern Europe 2025

25 November 2025

Warsaw, Poland

Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

UPCOMING EVENT

PV ModuleTech USA 2026

16 June 2026

Napa, USA

PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.