Renewa, a Houston, Texas-based land and infrastructure investor in the renewable energy industry, secured US$450m of committed capital.
The round was led by QIC. In addition to the committed funding, QIC has appointed energy industry veterans Mark Noyes, Peter Tumminello and Natalie Jackson as independent directors for the company.
The company intends to use the funds to further its mission to help advance the transition to renewable energy in the United States.
Led by Co-CEOs Stephen Lee, and Gage Mooring, Renewa provides flexible, long-term capital and other specialized financial solutions to landowners and renewable energy project developers through the acquisition of land and associated rental payments from utility-scale wind, solar, storage, and other critical infrastructure projects. The company owns land and ground leases under more than 130 renewable energy facilities across the U.S., acquiring land under projects operated by more than 50 developers, including Acciona, Duke Energy, Enel, Leeward Energy, Lightsource bp, and NextEra Energy, in 26 states.
FinSMEs
10/08/2023