Invenergy, the largest privately held developer, owner, and operator of clean energy solutions, recently closed on a $1.1 billion debt financing facility for three solar projects in Ohio, Indiana, and Tennessee. The debt financing includes a Construction/Bridge Loan Facility and a Letter of Credit Facility.
This financing applies to three of Invenergy’s utility-scale solar projects in construction – Cadence Solar Energy Center (240 MW, OH), Trade Post Solar Energy Center (200 MW, IN) and Yum Yum Solar Energy Center (150 MW, TN). Together, these projects will generate 590 megawatts of power once operational in 2026 and bring significant economic benefits to their local communities, including construction jobs and more than $390 million in taxes and landowner payments throughout the projects' lifespans.
“As Invenergy continues to develop world-class energy solutions that address growing electricity demands across the country, it is important to partner with premier financial institutions that share our commitment to strengthening the grid with cleaner energy,” said Brian Bortman, Invenergy’s Senior Vice President, Finance & Capital Markets. “This is a significant transaction, and we thank our lending partners for their continued confidence in Invenergy and our ability to build top-of-the-line energy centers.”
Natixis Corporate & Investment Banking (Natixis CIB), Canadian Imperial Bank of Commerce (CIBC), Nomura, Rabobank, and Wells Fargo acted as Coordinating Lead Arrangers, Green Loan Coordinators, Bookrunners, and Approved Hedge Providers for the financing. Natixis CIB also acted as Documentation Agent, with CIBC as the Administrative Agent and Rabobank as Diligence Coordinator. CIBC, Rabobank, and Wells Fargo are Issuing Banks.
About Invenergy
Invenergy is accelerating cleaner, more reliable, affordable energy. Invenergy and its affiliated companies develop, build, own, and operate large-scale renewable and other clean energy generation, transmission and storage facilities in the Americas, Europe, and Asia. Headquartered in Chicago, Invenergy has regional development offices in the United States, Canada, Mexico, Spain, Japan, Poland, and Scotland.
Invenergy and its affiliated companies have successfully developed more than 33,000 megawatts of projects that are in operation, construction or contracted, including wind, solar, transmission infrastructure and natural gas power generation and advanced energy storage projects.
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