Longroad Energy portfolio facility (30 GW development pipeline)
Apterra as Sole Bookrunner, Coordinating Lead Arranger, Admin Agent for Longroad $600M portfolio facility.
$600M
Deal Value
Solar + Storage
Technology
Multi-state
Location
Deal Details
- Deal Type
- Corporate Debt & Capital Markets
- Seller / Sponsor
- Longroad Energy
- Buyer / Financier
- Apterra Infrastructure Capital
- Deal Value
- $600M
- Stage
- Unknown
- Source
- Industry Source
Capital Structure
$600M
Total transaction value
Tranches
- Term Loan · Apterra Infrastructure Capital (lead); Barclays, HSBC (JLAs)
- $275M
- Revolving Credit Facility · Apterra Infrastructure Capital (lead); Barclays, HSBC (JLAs)
- $175M
- Letter of Credit Facility · Apterra Infrastructure Capital (lead); Barclays, HSBC (JLAs)
- $150M
Finance Counterparties
Lenders & Capital Providers
- Coord. Lead Arranger
- Apterra Infrastructure Capital
Related Deals
Prospero Solar — 379 MW solar, Andrews County, Texas (ERCOT)
Longroad Energy / Shell → Meta (Facebook)
Knox County Wind — 123 MW wind, TX (ERCOT)
Longroad Energy → Crown Holdings
Serrano — 220 MWdc solar + 214 MWac / 855 MWh storage, Pinal and Pima Counties, Arizona
Longroad Energy → CIBC (lead), Societe Generale
220 MW
TerraForm Power 51% + TerraForm Global 100% (out of SunEdison Ch.11)
Brookfield Asset Management
$2.49B ($1.7B TERP 51% @ $11.46/sh + $787M TERG)
TerraForm Global — 952 MW solar+wind in Brazil, India, China
TerraForm Global → Brookfield Renewable + institutional partners
$750M net investment / $1.3B EV ($787M cash + $455M debt)
Mira Loma Battery Storage Facility — 20 MW / 80 MWh Li-ion (~400 Tesla Powerpacks)
Tesla → Southern California Edison
20 MW
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.