credit facility

ILOS Projects has upsized its structured credit facility to €450 million, as it targets more than 2GW of solar PV and BESS capacity across Europe by 2028. 

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.

US community solar project developer Dimension Energy has upsized its corporate credit facility from US$150 million to US$300 million.

Uzbekistan will be the first country to benefit from the credit facility with the construction of a solar-plus-storage project in Bukhara.

BrightNight has closed a US$375 million corporate credit facility, which it plans to use to build out a 31 GW pipeline of projects.

US-based independent power producer Altus Power has secured US$100 million to fund its expansion plans.

The credit facility consists of US$275 million term loan, a $175 million revolving credit facility, and a $150 million letter of credit facility.

US solar and storage developer Strata Clean Energy has secured a US$300 million revolving loan and letter of credit facility to develop its diversified project pipeline of over 17GW.

US renewable power developer Invenergy has secured US$1.5 billion revolving credit facility from financial company Natixis Corporate & Investment Banking.

US thin-film module manufacturer First Solar has secured a five-year revolving credit and guarantee facility for US$1 billion.