energyRe, a leading U.S.-based renewable energy developer committed to delivering cost-effective and reliable clean energy solutions, announced today that it has reached financial close on a portfolio of solar projects in South Carolina.
The transaction totals approximately $370 million in construction and term financing, provided by a consortium of leading financial institutions — Santander, Bank of America, Natixis, and Société Générale — which served as Coordinated Lead Arrangers. Santander acted as Financial Advisor and also served as Administrative Agent for the transaction.
This milestone marks a significant step in energyRe’s mission to accelerate the deployment of renewable energy infrastructure to meet growing U.S. power demand and support the transition to a more sustainable energy future. “These projects represent the scale, innovation, and collaboration that define energyRe’s approach to reimagining America’s energy future,” said Ryan Brown, Chief Operating Officer of energyRe. “We are proud to partner with a world-class group of financial institutions to deliver projects that will provide reliable and affordable energy to help meet rapidly rising demand.”
“Santander is proud to have advised on the construction and term financing of energyRe’s solar portfolio,” said Ricardo Pereira, Executive Director, Structured Finance & Advisory US, Santander Corporate & Investment Banking. “Renewable energy structuring and advisory is a cornerstone of our offering, and we are pleased that our extensive U.S. capabilities are helping clients like energyRe to deliver incremental energy capacity so much in need in the US.”
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