Redeux Energy secures US$30 million credit facility

Facebook
Twitter
LinkedIn
Reddit
Email
The LC will enable Redeux to fund development costs tied to interconnection and power purchase agreement (PPA) commitments across projects. Image: Redeux Energy.
The LC will enable Redeux to fund development costs tied to interconnection and power purchase agreement (PPA) commitments across projects. Image: Redeux Energy.

US renewables developer Redeux Energy Partners has secured a US$30 million revolving letter of credit (LC) facility from Australian financial services company Macquarie Group. 

The LC will enable Redeux to cover development costs tied to interconnection and power purchase agreement (PPA) commitments across its utility-scale project pipeline.  

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

This pipeline includes 7GW of planned solar generation and 12GWh of energy storage capacity across major US power markets including Electric Reliability Council of Texas (ERCOT), Midcontinent Independent System Operator (MISO), California Independent System Operator (CAISO), Southeastern Reliability Corporation (SERC), and Western Electricity Coordinating Council (WECC). 

Rob Masinter, CEO of Redeux Energy, said the new letter of credit facility would allow the company to move high-quality projects further along the development pipeline, reducing risk for its partners and increasing project value. Furthermore, he added that Redeux is looking forward to expanding the facility in the future. 

Artola Capital Partners LLC (ACP) served as the financial advisor to Redeux for the transaction, while Holland & Hart LLP provided legal counsel. While Macquarie was advised by Willkie Farr & Gallagher LLP as its legal counsel. 

Denver, Colorado-headquartered Redeux, established in 2020, is set to tap into the projected addition of 300GW of new capacity over the next decade. To date, the firm has divested nearly 700MW of utility-scale solar and hybrid project capacity to independent power producers (IPPs).  

Additionally, Redeux is actively marketing a mid-stage portfolio featuring 1.5GW of solar and 3.4GWh of energy storage projects. These assets are located across the MISO, ERCOT, and SERC markets, with transactions expected to close in the second half of 2025. 

In 2021, the company announced plans to build a 2GW pipeline of utility-scale solar and storage projects within 12 to 18 months. Based in Colorado, Redeux carried out a multi-state development strategy, with initial projects expected online between 2024 and 2026.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
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.

Read Next

July 4, 2025
The US House of Representatives has passed the final version of the reconciliation bill that is now going to US President Donald Trump’s desk for his signature before its passing.
July 3, 2025
US tracker manufacturer GameChange Solar has introduced the Genius Tracker TF, a new terrain-following solar tracker system designed to deliver “the industry’s lowest grading requirement on challenging terrain.” 
July 1, 2025
Independent power producer (IPP) Arevon Energy has closed a US$600 million credit facility to support its solar PV and energy storage portfolio in the US.
June 30, 2025
Heliene has completed the sale of Section 45X Advanced Manufacturing Production Tax Credits in association with Minnesota-based U.S. Bank.
June 30, 2025
Voting on the US tax reconciliation bill is expected to begin in the Senate today, following a draft published on Friday that hit clean energy tax credits hard.
June 30, 2025
US clean energy developer Clearway Energy Group has received corporate credit facilities over US$1 billion.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK