Holland & Hart represented Redeux Energy Partners LLC (Redeux), a leading utility-scale solar and energy storage development company, in a $30 million revolving letter of credit facility (LC Facility) with Macquarie Group (Macquarie), a global financial services group operating in asset management, retail and business banking, and wealth management among other capital solutions.
With this new LC Facility, Redeux will be able to finance development expenses related to interconnection and power purchase agreement obligations for its utility-scale project pipeline, currently totaling 7 GW of solar generation capacity and 12 GWh of storage capacity spanning ERCOT, MISO, CAISO, SERC, and WECC energy markets.
For more information, please see Redeux’s press release.
The Holland & Hart transaction team was led by partner Billi McCullough, with assistance from Megan Decker and Alyssa McCain, and included Tim Crisp, Andrew Folkerth, Morgan Thompson, Lori Argall, and Linda Concannon.
The firm’s Renewable Energy and Storage team has been at the vanguard of the renewable energy industry for decades and serves clients in the ever-changing, complex clean energy market. The team brings specialized experience in renewable energy and storage project finance and development to this dynamic market. We help clients capitalize on existing solar, wind, hydro, geothermal, and other renewable energy technologies in addition to battery storage technologies—as well as innovative new energy opportunities—as part of the global transition to a clean energy economy.