Warehouse Facility grows by $81M to support mature distributed assets
CleanCapital, a leading independent power producer and investor in distributed clean energy assets, has expanded its warehouse credit facility with Rabobank, a premier global food and agribusiness bank and a leading financier of the energy transition. The upsizing—supported in part by Energetic Capital’s EneRate Credit Cover® policy—gives CleanCapital additional capacity to accelerate deployment of commercial-and-industrial (C&I) solar and storage projects across the United States.
The credit-insurance enhancement broadens CleanCapital’s eligible customer universe and provides more flexibility for term financing, helping meet surging demand for decarbonization solutions within the C&I sector.
“Rabobank’s expanded commitment deepens our partnership and accelerates CleanCapital’s rollout of distributed-generation assets nationwide,” said Winston Chen, Co-Head of Investments at CleanCapital. “EneRate Credit Cover® supports the facility by enabling competitive terms for a wider range of C&I customers.”
“Partnering with CleanCapital on this upsized facility supports Rabobank’s mission to finance the energy transition at scale long-term,” said Claus Hertel, Managing Director, Energy Transition Americas, Rabobank. “Energetic Insurance’s credit enhancement broadens the universe of clean-energy offtakers we can serve while maintaining disciplined risk standards. This will also expand the universe of long-term capital investors.”
“This milestone reflects our commitment to enabling scalable financing distributed generation projects,” said Nathan Maggiotto, SVP at Energetic Capital. “Capital efficiency is a major focus right now for all developers and asset owners. We’re thrilled to help CleanCapital, a leading distributed generation asset owner, optimize their financing package for this transaction with financing provided by renewable sector leader, Rabobank.”
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