Hecate Energy 35 GW solar/storage development pipeline (collateral)
First-of-its-kind LC facility against pure-play renewables developer pipeline. 5-year facility ($250M term loan + $300M letter of credit). Investec, Nomura, National Bank of Canada as lead; Deutsche Bank and Generate Capital as Coordinating Lead Arrangers. Innovation in renewables developer corporate financing.
$550M
Deal Value
35,000MW
Capacity
Hybrid
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate Debt & Capital Markets
- Seller / Sponsor
- Hecate Energy
- Buyer / Financier
- Investec, Nomura, National Bank of Canada (lead); Deutsche Bank, Generate Capital
- Deal Value
- $550M ($250M term + $300M LC)
- Stage
- Development
- ISO/RTO
- Multiple
- Source
- PV Magazine USA
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