We are excited to share that Fundamental Renewables, an established provider of debt financing for renewable energy projects, will increase its existing credit facility with us to $250 million.
Proceeds from the credit facility will fund the development and construction of utility scale solar projects in our portfolio as well as strategic acquisitions in key markets.
In addition, the credit facility supports our solar module procurement strategy, a key component of our company’s growth plan.
Since 2019, we have successfully financed over 700 megawatts (MW) of renewable energy. Birch Creek also has 5+ gigawatts (GW) of utility scale solar pipeline in various stages of development across MISO, PJM, Texas and the Southeast.
“We are thrilled to strengthen our relationship with Fundamental Renewables,” said Dan Siegel, CEO of Birch Creek.
“This enhanced credit facility lets us execute on our current pipeline and target new opportunities in our core markets, while also giving us the financial backing necessary to pursue our strategic objectives.
Fundamental Renewables has been an incredible partner to us over the last three years and our collaboration has resulted in a significant deployment of renewable energy in the United States.
”You can read more about our agreement here: https://www.prnewswire.com/news-releases/birch-creek-development-secures-250-million-loan-facility-from-fundamental-renewables-301579599.html