Leyline Renewable Capital, a provider of pre-construction capital for renewable energy development, has entered into a financing arrangement with Core Solar LLC, a developer of utility-scale, de-risked solar energy projects. Under the agreement terms, Leyline will provide development-stage capital to support the development of 600 MW of utility-scale solar projects representing a portion of Core Solar’s pipeline across the United States.
Erik Lensch, CEO, Leyline Renewable Capital said: “Projects like these are the backbone of the next-generation clean energy economy and experienced, proven developers like Core Solar can effectively put our capital to work. This investment will enable Core Solar to accelerate its already extensive development pipeline and ensure that these critical projects have the resources they need to move quickly to construction.”
Greg Nelson, President and CEO, Core Solar said: “Core Solar has an established and diverse portfolio of successful solar energy projects across the U.S. and we knew that accelerating growth meant finding a partner who could not only provide capital but also understand the unique structure and challenges of the renewable energy industry. Leyline brings a level of experience and sophistication that differentiates them in our space. Erik and his team understand that the early-stage development of solar projects must have access to flexible capital as we continue to expand our solar platform.”
