Eolian secures green loan with global banks to support clean energy initiatives
Eolian, L.P., a portfolio company of Global Infrastructure Partners (GIP), announced that it has successfully closed a $315 million green loan and a $75 million revolving credit facility, with contributions from Santander Corporate & Investment Bank, MUFG, National Australia Bank, Natixis, Lloyds Bank, and SMBC.
This financing follows a $515 million green loan secured in June 2023 from the same group of global banks.
The funds are secured by a range of eligible green project assets developed by Eolian and adhere to the four pillars of the Green Loan Principles, as established by the Asia Pacific Loan Market Association (APLMA), the Loan Market Association (LMA), and the Loan Syndications and Trading Association (LSTA) in February 2023.
Also read: rPlus Energies secures $1 billion financing for Green River Energy Project
Eolian CEO Aaron Zubaty. “It is with deep gratitude to this esteemed group of global financial institutions that we announce another long-term financing backed by our portfolio of diversified and reliable cashflows, generated solely from a broad set of operating renewable energy projects across the US,”
He added, “The closing of these facilities provides further validation of our creative and patient strategies for developing the vital infrastructure that will solve the growing energy supply challenges of the future.”
Eolian, L.P. specializes in battery energy storage and invests in renewable energy and clean molecule projects across the US.
With over 20 years of experience, Eolian’s management team has developed 26 gigawatts of operational energy storage, solar, and wind capacity through innovative and proprietary structures.
Quote of the Day
No quotes found.
Newsletter
Related News