Renewvia Secures USD 15 Mn to Accelerate 2GW Utility Scale Solar and Storage Pipeline
Renewvia Energy Corporation to announce the execution of a USD 15M development loan for large-scale utility solar projects with Treehouse Development Finance, a leading financier of renewable energy projects and an affiliate of Treehouse Investments.
November 09, 2023. By News Bureau
Renewvia Energy Corporation is developing a 2 GW pipeline of solar and storage projects, consisting of 150-450MW in the TVA, MISO, and SERC regions.
Seth Stulgis, Director of Development, said, "Securing a significant capital commitment from a reliable financing partner will accelerate our goal of deploying significant amounts of solar across the US. This partnership capitalizes on the strengths and expertise of both Renewvia Energy Corporation and Treehouse Development Finance to deliver utility-scale renewable energy projects that will reduce carbon emissions and foster a greener planet for future generations."
The partnership aligns with Renewvia's mission to drive the transition to clean energy solutions, benefiting the environment and local communities. It will also bring significant economic benefits to rural communities across the US.
"The Renewvia team has significant experience in the renewable energy sector, including development, construction, and financing. We are excited to support their long-term development strategy and look forward to helping them achieve their business objectives as they develop utility-scale clean energy projects in the southeast United States," said John Brown, Chief Development Officer at TDF.
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