energyRe, a Houston, TX- and NYC-based independent U.S. clean energy developer, raised $1.2 Billion in Capital Raise.
The round saw participation from Glentra Capital alongside co-investors Novo Holdings and Denmark-based pension fund PKA. The capital package also included a mandated corporate debt facility to be arranged by Santander and Deutsche Bank.
In addition, a firm agreement has been reached with Elia Group for the acquisition of a stake in a subsidiary of energyRe: energyRe Giga.
The company intends to use the funds for the expansion of its large-scale renewable energy portfolio comprising utility-scale transmission and storage, onshore wind and solar generation, and offshore wind.
Led by CEO Miguel Prado, energyRe is an independent energy company focused on solving complex sustainability challenges and providing clean energy solutions in utility-scale transmission, onshore wind and solar, offshore wind, energy storage and distributed generation. It is committed to creating a reliable, renewable energy future for all. Its diversified portfolio of renewable assets includes a development pipeline spanning seventeen states and comprises more than 500 miles of high-voltage direct current (HVDC) transmission; 10.5 GW of solar, wind, and storage; and more than 155 MW of distributed generation.
The company has offices in New York, Houston, Indianapolis, and Charleston.
FinSMEs
04/12/2023