Hecate Grid’s Johanna 80MWh BESS project in Santa Ana, California. Image: Ingeteam.
Major international finance groups have contributed to a raise of more than half-a-billion US dollars in funding for developer Hecate Energy.
Hecate Energy develops wind, solar and energy storage projects in the US, claiming to have a combined 3.6GW under contract, together with a development pipeline in excess of 35GW.
The company has secured a US$550 million credit facility with a five-year term, led by Investec and Nomura Securities International, while National Bank of Canada and Deutsche Bank were also involved as arrangers and syndicators.
Specialist impact investing firm Generate Capital was coordinating lead arranger, with a total of 10 lenders participating. Law firms Norton Rose Fulbright and Winston & Strawn were lenders’ counsel and borrower’s counsel…