HomeInvestment & Trading ›Accelergen Energy Receives USD 30 Mn Investment from Leyline Renewable Capital to Develop Solar and Storage Pipeline

Accelergen Energy Receives USD 30 Mn Investment from Leyline Renewable Capital to Develop Solar and Storage Pipeline

Leyline Renewable Capital announced $30 Mn in financing for solar and storage developer Accelergen Energy LLC. With the support of Leyline Growth Capital, Accelergen is planning to develop a multi-gigawatt pipeline of utility-scale solar and storage projects across multiple U.S. markets over the next four years.

May 23, 2023. By News Bureau

Leyline Renewable Capital announced $30 Mn in financing for solar and storage developer Accelergen Energy LLC.

With the support of Leyline Growth Capital, Accelergen is planning to develop a multi-gigawatt pipeline of utility-scale solar and storage projects across multiple U.S. markets over the next four years.

 

"The only two constants in our industry are the ITC and continuous change. In order to successfully navigate this space, Leyline looks for experienced teams who can handle risk and manage volatility. And we couldn't ask for a team with deeper understanding and experience than Tom and Josh," said Todd Kice, Managing Director of Originations at Leyline. "I've known both of them for over a decade and can confirm our whole team is thrilled to get a chance to work with them and be a part of their success."

"Leyline Renewable Capital is well known in our industry as a premier development lender," said Thomas Houle, co-founder and CEO, Accelergen Energy, LLC. "The team worked closely with us to understand our specific needs and business goals, and we appreciate their expertise and agility in arranging financing that meets our unique requirements. This infusion will strengthen our capital structure, which will accelerate our efforts as we launch the company and work to expand the team while executing upon our strategic plan.

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