Renewable power company BrightNight closed a $375 million corporate credit facility — a pre-approved loan for an extended time period —to execute its U.S. renewable energy solutions portfolio, according to a Jan. 4 press release.
Funding for the portfolio, which includes solar, energy storage and integrated technologies, “will support equipment deposits, letters of credit and project buildout," the company said.
“It [the funding] enables us to accelerate our projects, procure equipment at attractive terms and deliver clean renewable power for our customers," BrightNight CEO Martin Hermann said.
Latham & Watkins and PEI represented BrightNight in the transaction. Norton Rose Fulbright served as the lender counsel.
Recommended Reading
Talos Energy Sells CCS Business to TotalEnergies
2024-03-18 - TotalEnergies’ acquisition targets Talos Energy’s Bayou Bend project, and the French company plans to sell off the remainder of Talos’ carbon capture and sequestration portfolio in Texas and Louisiana.
TotalEnergies Buys Majority Stake in Ecoslops Provence JV
2024-03-01 - TotalEnergies bought out its joint venture partner to become the sole shareholder in cleantech venture Ecoslops Provence.
Triangle Energy, JV Set to Drill in North Perth Basin
2024-04-18 - The Booth-1 prospect is planned to be the first well in the joint venture’s —Triangle Energy, Strike Energy and New Zealand Oil and Gas — upcoming drilling campaign.
EIG’s MidOcean Closes Purchase of 20% Stake in Peru LNG
2024-04-23 - MidOcean Energy’s deal for SK Earthon’s Peru LNG follows a March deal to purchase Tokyo Gas’ LNG interests in Australia.
Crescent Point Divests Non-core Saskatchewan Assets to Saturn Oil & Gas
2024-05-07 - Crescent Point Energy is divesting non-core assets to boost its portfolio for long-term sustainability and repay debt.