The funding will support ongoing construction and early operations of the company’s utility-scale solar projects in Georgia, Maryland and Pennsylvania that together have a combined capacity of 400 MWdc. (Source: Shutterstock)
Competitive Power Ventures (CPV) closed $370 million in revolving credit facilities in support of the company’s renewables development pipeline, CPV announced in an Aug. 24 press release.
The funding will support ongoing construction and early operations of the company’s utility-scale solar projects in Georgia, Maryland and Pennsylvania that together have a combined capacity of 400 MWdc. The Massachusetts-based company already has five wind farms in operation.
Lead arrangers for the funding were Deutsche Bank and Nomura Securities. Bank Leumi and BNP Paribas also provided commitments.
“This arrangement improves the efficiency of our financing efforts and enhances our capital sourcing in support of our next wave of renewable and low carbon projects that will help drive us towards our decarbonization goals,” said CPV’s CFO Paul Buckovich in the release.
Recommended Reading
CNX Expands in Appalachia with Closing of $505MM Apex Deal
2025-01-27 - The bolt-on of Apex Energy II's upstream and midstream assets expands CNX’s stacked Marcellus and Utica undeveloped leaseholds.
Atlas Energy Solutions to Acquire OFS Power Company Moser for $220MM
2025-01-27 - Atlas Energy Solutions said it will purchase Moser Energy Systems in a cash-and-stock deal that adds power services in the company’s core Permian Basin operating area.
Diversified to Acquire Maverick, Enter Permian Basin in $1.3B Deal
2025-01-27 - Diversified Energy will acquire EIG’s Maverick Natural Resources, adding acreage that offsets Diversified’s core Western Anadarko position and Permian Basin assets in the northern Delaware.
Shell Completes Deal to Buy Power Plant in Rhode Island
2025-01-24 - Shell has completed its previously announced acquisition to buy a 609-megawatt combined cycle gas turbine power plant in Rhode Island from RISEC Holdings.
Oxy CEO Sheds Light on Powder River Basin Sale to Anschutz
2024-11-14 - Occidental is selling non-core assets in the Lower 48 as it works to reduce debt from a $12 billion Permian Basin acquisition.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.