AES Distributed Energy (AES DE), a subsidiary of The AES Corporation (AES) announced that it has entered into a $341 million debt agreement which provides new capital to AES DE to be used for permanent debt financing for a portfolio of distributed generation projects throughout the Northeast.

"The financing is the largest domestic debt facility raised for a portfolio of community and distributed solar and represents the third large umbrella facility AES DE has completed since 2017," the company said

Silicon Valley Bank (SVB), KeyBank N.A. and Nomura acted as coordinating lead arrangers.

"This transaction will fortify AES DE as a dominant market participant in the fast-growing community solar sector spreading throughout the Northeast," said Brian Cassutt, AES DE Chief Financial Officer.

Tags:
AES   AES Distributed Energy   Solar   Community solar   Finance  

Comment on this story


ADVERTISEMENT
NEW Jobs on RetailEnergyJobs.com
TPV-SALES-EXECUTIVE -- Back Office Provider -- Other
Sr-Market-Risk-Analyst -- Wholesale Supplier/Trader -- New York - New York City Metro
Energy-Regulatory-Specialist -- Other -- Other
More Stories on RetailEnergyX.com:
Retail Supplier Expands Program To Offer Power To Tesla Battery Customers '
FT: Mitsubishi-Backed Retail Supplier 'Prepares Bid' For International Retail Supplier With U.S. Arm
UK Retail Supplier With US Affiliate In Talks To Secure 'New Funding'; Wholesale Prices Challenge
Wells Fargo Selects Developer For Distributed Solar, Including In Texas '
Lightsource bp Completes $380m Financing on 316 Megawatts of Solar in Texas, Announces PPAs '