Article

Heelstone Renewable Energy secured a $200 million senior corporate credit facility to enhance its renewable energy projects across the U.S., which include over 5 GW of solar, wind, and battery energy storage systems. The financing will support project-related expenditures such as interconnection deposits and power purchase agreements.

The facility, led by Deutsche Bank, establishes a revolving credit sublimit for working capital and equipment purchases. Heelstone aims to deploy over 1 GWac of tax credit-qualifying projects by the end of 2028, with 600 MWac expected to begin construction within 12 months.