Heelstone Renewable Energy Secures $200 Million Credit Facility for Growth
Heelstone Renewable Energy has secured a $200 million senior corporate credit facility to advance its renewable energy initiatives across the U.S., which encompass over 5 GW of solar, wind, and battery storage projects. The financing will facilitate project-related expenses, including interconnection deposits and power purchase agreements, with plans to deploy over 1 GWac of tax credit-qualifying projects by the end of 2028. Construction on 600 MWac of these projects is anticipated to commence within the next year.
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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.
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