Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTJuly 13 (Renewables Now) - A unit of Leeward Renewable Energy LLC has raised USD 375 million (EUR 317m) in a green bond offering and, at the same time, closed a USD-100-million revolving credit line.
Specifically, Leeward Renewable Energy Operations LLC has offered 4.250% senior notes that are maturing in 2029. The company’s finance head Chris Loehr commented that this debut offering will allow it to execute on its aggressive growth strategy.
In the meantime, Wells Fargo Bank served as administrative agent for the revolving credit facility that closed with the bond offering. The same lender extended a USD-75-million letter of credit facility to Leeward last month.
Leeward is a portfolio company of OMERS Infrastructure that owns and operates a portfolio of 21 renewable energy facilities across nine states with a combined capacity of about 2 GW. The firm currently has roughly 17 GW of wind, solar and energy storage under development spanning over 100 projects.
(USD 1.0 = EUR 0.845)
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST