FinancingClosedJanuary 28, 2026

Senior Secured Green Revolving Loan and LC Facility supporting 12+ GW BESS development pipeline, ~8,000 MWh under construction/contract

Upsized from $225M facility (Sep 2024). Green revolving loan + LC facility for BESS pipeline from California to Maine. Barclays, HSBC, ING, SocGen, SMBC as CLAs. HSBC as Admin Agent and Collateral Agent. Kirkland & Ellis (borrower), Latham & Watkins (lenders). Backed by BlackRock Diversified Infrastructure.

$500M

Deal Value

BESS

Technology

Multiple

Location

Deal Details

Deal Type
Credit Facility
Seller / Sponsor
Jupiter Power (BlackRock)
Buyer / Financier
Barclays Bank PLC, HSBC Bank USA, ING Capital LLC, Société Générale, SMBC
Deal Value
$500M
Stage
Development
ISO/RTO
Multiple

Service Providers

Advisory & Legal

borrowerCounsel
Kirkland & Ellis LLP
Lender Counsel
Latham & Watkins LLP

Finance Counterparties

Lenders & Capital Providers

coordinatingLeadArrangers
Barclays Bank PLCHSBC Bank USAING Capital LLCSociété GénéraleSMBC
Administrative Agent
HSBC Bank USA
Collateral Agent
HSBC Bank USA

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