Elevate Renewables $50M Rabobank Energy Transition Supplier Finance Facility — Prospect Power Storage 150 MW/600 MWh, Rockingham County VA
Rabobank sole-arranged a $50M Energy Transition Supplier Finance Facility for Elevate Renewables (ArcLight Capital portfolio company) to support equipment procurement and working capital for its BESS pipeline. Primary project: 150 MW / 600 MWh Prospect Power Storage in Rockingham County VA (Data Center Alley). Secondary: Garden State Reliability / Two Rivers Storage, Bergen County NJ. Enables Elevate to optimize LFP procurement terms across its development pipeline.
$50M
Deal Value
150MW
Capacity
600MWh
Storage
Battery Storage
Technology
VA
Location
Deal Details
- Deal Type
- Supplier Finance Facility
- Seller / Sponsor
- Elevate Renewables
- Buyer / Financier
- Rabobank
- Deal Value
- $50,000,000
- Stage
- Construction
- ISO/RTO
- PJM
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