US energy storage developer Eolian, part of Global Infrastructure Partners (GIP), has closed a $925m renewable energy financing.
Eolian executed the deal together with Banco Santander, Natixis, MUFG and Mizuho.
This structured transaction will “further advance multiple strategies already underway as the Eolian team rapidly accelerates the deployment of cost-effective decarbonising technologies across the US”, Eolian stated.
Eolian chief exeutive Aaron Zubaty stated: “Eolian is delighted to announce the closing of this significant financing with an extraordinary group of global banks.
“We value relationships and cooperation first and foremost and were fortunate to work with a group of lenders that appreciated the unique attributes and scale of our renewable energy assets while also taking constructive, innovative, and collaborative approaches to lending, structuring, and hedging.”
Santander acted as the agent bank, joint lead arranger and bookrunner for Eolian.