Leyline Renewable Capital, a provider of development financing across several renewable energy sectors, has announced a US$150 million investment by Newlight Partners LP. This investment will enable Leyline to identify and provide development-stage debt and equity to support renewable energy projects throughout the United States. To date, the Leyline team has developed, financed and/or constructed more than US$2 billion in 170+ projects totalling over 1GW of electricity - which equates to 140 000 metric tons in greenhouse gas reductions.
"By taking a patient view on the projects we choose to support we are able to identify promising opportunities for renewable energy projects and build deeper relationships with developers, ensuring projects are successful and profitable," said Erik Lensch, Chief Executive Officer of Leyline Renewable Capital. "Newlight Partners recognises a clear opportunity with our team's unique experience at the forefront of the renewable energy market and this new funding will help us advance the development of renewable energy projects at their critical early stage. With Newlight's support we will work to accelerate the clean energy market from coast to coast."
Read the article online at: https://www.energyglobal.com/special-reports/18102019/leyline-renewable-capital-announces-us150-million-investment-from-newlight-partners/