Renewa, a leading provider of land-based financing solutions for clean energy infrastructure, today announced that it has secured US$502 million in financing from a consortium of leading institutional investors.
The financing will allow Renewa to further grow its portfolio of land and lease receivables that support energy development nationwide. This infusion of long-term capital strengthens the company’s ability to provide flexible funding solutions to landowners and contributes to meeting the country’s growing energy needs. With this transaction, Renewa’s total capital commitments now exceed US$1.25 billion.
Guggenheim Securities, LLC served as sole structuring advisor and sole placement agent; Orrick, Herrington & Sutcliffe LLP served as legal counsel.
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