Land and infrastructure investor Renewa has successful closed a sale leaseback (SLB) transaction with Leeward Renewable Energy (LRE), for the 168MW White Wing Ranch Solar project in Maricopa County, Arizona.
This deal supports the continued growth of LRE’s project pipeline, while allowing the company to maintain long-term site control for the construction and operation of the project.
Gage Mooring, Renewa co-Founder and co-chief executive, said: “The LRE transaction is just one of the several sale-leasebacks we’ve closed on in the past year.
“Despite capital markets tightening, Renewa remains determined to continue partnering with developers and providing necessary capital to help move projects and add value.”
The White Wing Ranch Solar partnership with LRE is just another step in Renewa’s broader mission to accelerate the renewable energy transition in the United States via its role as a capital and land partner to renewable developers, owners, and operators.
Renewa has a presence in over 30GW of renewable projects nationwide, encompassing more than 30,000 acres of rural and urban land in 26 states.
Renewa’s portfolio encompasses over 150 projects operated by over 50 top-tier partners.