Treaty Oak Clean Energy has secured a $300 million senior secured corporate credit facility to support its 17.3 GW renewable energy pipeline across the US.
The funding will accelerate development of utility-scale solar, wind, and battery energy storage systems, including near-term projects in Arkansas and Louisiana.
The deal was led by a consortium of top-tier global lenders, with ING serving as Green Loan Agent and Nomura as Administrative Agent.
Treaty Oak Clean Energy, a US-based independent power producer, has closed a $300 million senior secured corporate credit facility to support the rapid expansion of its 17.3 GW renewable energy project pipeline. The financing will bolster development across utility-scale solar, wind, and battery energy storage system (BESS) assets nationwide.
The facility was arranged by ING Capital LLC, Nomura Corporate Funding Americas LLC, and Sumitomo Mitsui Banking Corporation (SMBC), who served as Coordinating Lead Arrangers. ING acted as Green Loan Agent, while Nomura was appointed Administrative Agent. Treaty Oak was advised exclusively by PEI Global Partners, with legal counsel from Latham & Watkins LLP for the borrower and Norton Rose Fulbright US LLP for the lenders.
“This Facility strategically positions us to accelerate our buildout of important renewable projects in the US and opportunistically approach a market that is experiencing significant regulatory change,” said Chris Elrod, CEO of Treaty Oak. “This financing reflects strong lender confidence in our business model and management team and gives us a competitive advantage.”
Proceeds from the credit facility will fund critical components of Treaty Oak’s expansion strategy, including interconnection and offtake letters of credit, equipment procurement, and general corporate expenditures. The funding will help advance the company’s national portfolio, which spans 17.3 GW of solar, wind, and BESS projects.
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“This transaction highlights the strength and capabilities of the Treaty Oak platform, supported by a syndicate of top-tier global lenders,” said Sky Fabian, Partner at PEI Global Partners. “We are pleased to work alongside the Company to secure a highly accretive credit facility that will enable the Company’s commercialization of the next wave of clean energy development projects across the US.”
Treaty Oak’s pipeline is strategically diversified across key US power markets. The company has secured long-term power purchase agreements (PPAs) or exclusivity for 485 MW of capacity, with more than 1 GW under active negotiation. Treaty Oak began construction on the 100 MW Redfield solar project in Arkansas in 2024 and is set to break ground on an additional 385 MW of solar in Louisiana in 2025.
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