Eolian Closes $925 Mn Renewable Financing

Eolian, L.P., a portfolio company of Global Infrastructure Partners (GIP), together with Banco Santander, Natixis, MUFG and Mizuho, announced the closing of a $925 million renewable energy financing.

April 22, 2022. By News Bureau

Eolian, L.P., a portfolio company of Global Infrastructure Partners (GIP), together with Banco Santander, Natixis, MUFG and Mizuho, announced the closing of a $925 million renewable energy financing.

This novel structured transaction will further advance multiple strategies already underway as the Eolian team rapidly accelerates the deployment of cost-effective decarbonizing technologies across the US.

"Eolian is delighted to announce the closing of this significant financing with an extraordinary group of global banks," said Eolian CEO Aaron Zubaty.

"We are delighted to be the Agent Bank, Joint Lead Arranger and Bookrunner for Eolian, L.P. in this unique financing. Such a vastly diversified portfolio of high-quality renewable assets at this scale is so difficult to assemble and we would like to congratulate the Eolian and GIP teams for this achievement. Santander looks forward to further supporting Eolian and GIP as they execute their ambitious growth strategy for this one-of-a-kind platform" said Nuno Andrade, Head of Structured Finance US, Banco Santander.

"We are proud of this innovative renewable energy financing, which leverages the unique strengths of Eolian's business model. This transaction is reflective of our commitment to climate change mitigation across the suite of our banking products, and deploys our unique Green Weighting Factor® methodology that is designed to promote financing transactions that have a positive climate impact. This marks our second financing with Eolian, and follows our bilateral $100mm LC facility that closed in November 2021." said Nasir Khan, Head of Infrastructure and Energy Finance, Americas at Natixis Corporate & Investment Banking.

"MUFG is proud to have helped Eolian put together a bespoke structured transaction utilizing our experience in complex renewable energy structuring and close sponsor relationships." said Louise Pesce, Managing Director Project Finance, MUFG.

"Mizuho Americas is excited to play an important role in Eolian's unique financing. Partnering with infrastructure developers and financial sponsors that have a major impact on energy transition to counter climate change is a core tenant of our Investment & Corporate Banking strategy. We look forward to furthering Eolian's mission to develop renewable energy solutions nationwide." said Paul McNutt, Head of Power, Energy & Infrastructure, Mizuho Americas.

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Investment & Trading

Eolian, L.P

Global Infrastructure Partners