Solar Landscape closes $150m financing with CIP for solar projects

Solar Landscape has finalised a improvement financing installation of up to $150m with Copenhagen Infrastructure Partners (CIP), done its Green Credit Fund II (CI GCF II), for its star projects.

The statement volition supply the US-based distributed vigor infrastructure institution with flexible backing to accelerate the improvement of star projects crossed its nationalist pipeline.

The financing is acceptable to initially enactment a portfolio of astir 250MW-direct existent (MWdc) of mid and late-stage star assets.

Solar Landscape plans to usage the funds to beforehand task activities specified arsenic instrumentality procurement, interconnection, offtake agreements and pre-construction sponsor improvement services astatine an earlier constituent successful the task cycle.

The institution expects this to assistance determination early-stage developments done to construction, bringing caller energy procreation online much quickly.

Additionally, the financing enables it to proceed gathering its improvement level and execute aboriginal task portfolios, alongside a bid of caller investments and concern arrangements.

These see a $600m elder indebtedness facility, a $125m revolving recognition installation and a $117m preferred equity investment, which unneurotic person raised the company's full superior to much than $2.2bn successful the past 3 years.

Solar Landscape main fiscal serviceman Clayton Avent said: "We profoundly admit CIP's concern successful providing america with revolving improvement superior that increases the throughput of our improvement platform, allowing america to beforehand projects much efficiently and bring caller distributed vigor infrastructure online faster.

"Just arsenic importantly, it reflects the assurance that blase organization investors person successful our structured concern and execution capabilities arsenic good arsenic our semipermanent maturation strategy."

This concern is the 4th for CI GCF II pursuing its archetypal adjacent of €1.3bn ($1.5bn) successful March 2026.

Solar Landscape stated that the further backing supports its efforts to assistance utilities, existent property owners and communities bring caller renewable procreation online astatine a faster pace, reinforcing its attack of scaling up distributed vigor infrastructure.

"Solar Landscape closes $150m financing with CIP for star projects" was primitively created and published by Power Technology, a GlobalData owned brand.