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Yahoo
2 days ago
- Business
- Yahoo
Treaty Oak Clean Energy Secures a $300 Million Corporate Credit Facility
The Financing will Provide Significant Support and Accelerate the Development of the Company's Strong Renewable Pipeline AUSTIN, Texas, July 28, 2025--(BUSINESS WIRE)--Treaty Oak Clean Energy, LLC ("Treaty Oak" or the "Company"), a US independent power producer ("IPP"), today announced the successful close of a $300 million senior secured corporate credit facility (the "Facility"). The Facility will significantly enhance Treaty Oak's rapidly expanding renewable energy project pipeline, which includes utility-scale solar, wind, and battery energy storage assets ("BESS"). The Facility was led by ING Capital LLC ("ING"), Nomura Corporate Funding Americas, LLC ("Nomura"), and Sumitomo Mitsui Banking Corporation ("SMBC"), serving as Coordinating Lead Arrangers. ING served as the Green Loan Agent, while Nomura served as Administrative Agent for the transaction. PEI Global Partners served as Exclusive Financial Advisor to Treaty Oak. Latham & Watkins LLP acted as Borrower's Counsel, and Norton Rose Fullbright US LLP served as Lenders' Counsel. "This Facility strategically positions us to accelerate our buildout of important renewable projects in the US and opportunistically approach a market that is experiencing significant regulatory change," said Chris Elrod, Treaty Oak's Chief Executive Officer. "This financing reflects strong lender confidence in our business model and management team and gives us a competitive advantage." Proceeds from the Facility will directly support Treaty Oak's strategic growth objectives, providing essential capital for interconnection and offtake letters of credit, equipment procurement, and general corporate expenses to advance Treaty Oak's 17.3 GW solar, wind, and battery storage pipeline. "This transaction highlights the strength and capabilities of the Treaty Oak platform, supported by a syndicate of top-tier global lenders," said Sky Fabian, Partner at PEI Global Partners. "We are pleased to work alongside the Company to secure a highly accretive credit facility that will enable the Company's commercialization of the next wave of clean energy development projects across the US." Treaty Oak's pipeline includes 17.3 GW of utility-scale solar, wind, and BESS projects diversified across the major power markets within the United States. The Company's bespoke offtake strategy and deep relationships with reputable offtakers has enabled the portfolio of renewable projects to secure attractive, long-term power purchase agreements – to date 485 MW of projects have executed offtake or are under exclusivity with an additional 1+ GW actively under negotiation. The Company started construction on the 100 MW Redfield solar project located in Arkansas in 2024 and will break ground on an additional 385 MW of solar projects located in Louisiana in 2025. About Treaty Oak Clean Energy Headquartered in Austin, Texas, Treaty Oak develops, builds, and operates clean energy projects in targeted US markets. We work with consumers and communities to create reliable, cost-effective energy solutions benefiting generations to come. Treaty Oak is a Macquarie Asset Management portfolio company, operating on a stand-alone basis. More information on Treaty Oak is available at About Macquarie Asset Management Macquarie Asset Management is a global asset manager, integrated across public and private markets. Trusted by institutions, governments, foundations and individuals to manage approximately $US588.1 billion in assets, Macquarie Asset Management provides a diverse range of investment solutions including real assets, real estate, credit and equities & multi-asset. As the world's largest infrastructure manager, Macquarie Asset Management leverages the strength of a global platform, track record and strategic relationships to create value for partners and those whose savings Macquarie Asset Management is trusted to manage. With a portfolio that spans more than 170 companies and 105GW+ of green energy assets in construction, operations or development, Macquarie Asset Management's investments underpin economies, communities and households, and are relied on by more than 280 million people every day.* MAM Green Investments is a specialist green investor team within Macquarie Asset Management and a global leader in the development of companies, assets and technologies that aim to accelerate the global transition to net zero. The team manages a diverse range of green energy assets in over 25 markets, spanning established renewables and emerging green technologies. In 2020, Macquarie Asset Management founded Calibrant to deploy on-site energy solutions to North America's largest power users. Read more about Macquarie Asset Management at: * All figures as of 31 March 2025. About PEI Global Partners PEI Global Partners Holdings LLC ("PEI") is an independent, closely held investment bank with offices in New York City, Tampa and Hong Kong, specializing in the power, energy, and infrastructure sectors. PEI advises financial sponsors, developers and corporate clients on mergers and acquisitions, divestitures, financings, private placements, and other strategic transactions. For more information on PEI, please visit View source version on Contacts Media Contacts: Marshall +1-512-496-0104 Sign in to access your portfolio
The Independent
2 days ago
- Business
- The Independent
DMEGC Infinity solar panel review: best overall for long-term value
In this DMEGC Infinity review, we take a closer look at what makes the DMEGC Infinity solar panel our top choice for domestic solar power. If you're considering solar panels to reduce your energy bills and carbon footprint, this review — along with our guides to the best solar panels and best solar panel installers — will help you make an informed choice. The solar panel market is increasingly competitive, with many unfamiliar brands offering similar features. But selecting the right system involves more than just choosing the panel with the highest efficiency or longest warranty. Our DMEGC Infinity solar panel review explains why this panel stands out in a crowded field. Many solar panels now come with comparable specs, including 25- to 30-year lifespans, high wattage, and sleek all-black designs. But with installation being the largest part of the overall cost of solar panels, and British weather posing its own set of challenges, it makes choosing a durable, efficient panel even more important. The rise of commercial solar farms has accelerated innovation and brought down manufacturing costs, particularly with China's leading role in the global supply chain. However, labour, scaffolding, and integration with your home electrical system remain key cost factors, so it's essential to look at total system cost, not just the panel price, when evaluating the best solar panels for your home. Why choose the DMEGC Infinity? Price, installed: £690 to £1,195 per kW Efficiency: 23 per cent Wattage per panel: 440-460W Type: N-Type Made in: China and Indonesia Degradation: 87.4 per cent after 30 years Warranty: 25 years for the product itself, 30 years for the degradation figure DMEGC may not be a household name, but it is one of the most established solar manufacturers in the world. A subsidiary of the Hengdian Group, the company has shipped more than 50 gigawatts of solar panels since its founding in 1980 — an output that far exceeds the UK's average power demand of around 30GW. As one of the oldest manufacturers in the sector, DMEGC has a long-standing reputation for producing reliable, high-quality panels. It also backs this up with environmental credentials: in 2023, three of its Chinese manufacturing facilities were certified by TUV SUD for using 100 per cent renewable energy, and the company has set a goal to be carbon neutral by 2050. DMEGC is considered a Tier-1 manufacturer, an industry term for the biggest and longest-running solar panel makers, which have solid financial strength. While Tier-1 status isn't the only metric that matters, it offers added peace of mind when you're investing in a system expected to last decades. This DMEGC Infinity solar panel strikes an excellent balance between power output, long warranty and decent power longevity, offering more than 87 per cent of its box-fresh output after 30 years. The DMEGC Infinity model can also come in at the lower end of the cost for solar panels, depending on the fitting cost, making it a compelling solar option for budget-conscious homeowners who still want a panel that performs well long-term. This combination of lower price and long life makes it our top pick. Other features include anti-glare coatings, which mean the panels are less likely to annoy neighbours or passers-by. This could be important if you live in a valley with roads coming in from above the property and you don't want to dazzle drivers on sunny days. Even if this is not a concern, panels which reflect light are not using it for power, which is to be avoided. As with other panels on our list, the manufacturer boasts they have strong performance in low light conditions – useful for gloomier winter days – and a top safety record. They can also perform well if temperatures rise above 25 degrees centigrade. The panels have fairly typical dimensions of 1.76m by 1.13m with a depth of 3cm. They weigh 24.5kg apiece. As always, note that installation costs vary and often outweigh the panel price. So rather than fixating on the cheapest panel, look at the overall value, including lifespan, degradation rate, and manufacturer reputation. Pros: Cons: Being able to trust in the longevity of a company that has been around as long as DMEGC, their skills in electrical manufacturing and as a Tier-1 solar manufacturer, gives us peace of mind that we are supplying our customers with quality Paul Evans, head of renewables at solar panel fitter Glow Green How we compiled our guide To compile our list, we spoke to experts on the ground and have broken down the top-performing brands based on real-world value, not just technical specs. We've prioritised long-term performance, value for money, and the reputation of the best solar panel installers in the UK. And if you're wondering if solar panels are worth it for your home, this guide is designed to help you make a smart, informed decision that pays off over time, whether you're upgrading an old array or fitting solar panels for the first time. Most panels are guaranteed for 25 years and offer similar power output, size, efficiency and looks. So we've weighted our judgement towards cost and degradation, which describes how much power the cells will provide after a number of years. The higher the percentage, the better. And if you're wondering, are solar panels worth it? Our goal is to help you decide if this investment pays off in the long run, whether you're adding panels for the first time or upgrading an older array. Much of your decision will also depend on which installer you go with, as many have preferred brands they work with due to bulk purchasing. You'll also see a lot of unfamiliar Chinese names as you do your research, but many of these are Tier-1 manufacturers in clean energy with strong track records in quality and durability. Why trust us
Reuters
2 days ago
- Business
- Reuters
India's Adani Green Energy posts quarterly profit jump on strong power sales
BENGALURU, July 28 (Reuters) - India's Adani Green Energy ( opens new tab reported a 31% jump in first-quarter profit on Monday, driven by an increase in power sales and higher capacity utilisation, sending shares up 3.5%. India has been aggressively expanding its renewable energy capacity as part of its climate goals and its target of 500 gigawatt non-fossil capacity by 2030. Adani Green is a key player in that expansion, and its results are seen as a bellwether for the sector. The green energy arm of billionaire Gautam Adani's group has solar, wind and hybrid assets across India. The company's consolidated profit rose to 8.24 billion rupees ($95.10 million) in the quarter ended June 30, from 6.29 billion rupees a year ago. The company said revenue from power supply increased 31% to 33.12 billion rupees in the quarter, with energy sales up 42%. The solar portfolio's capacity utilisation factor (CUF), a measure of how much of a power plant's maximum capacity is used over a given period, rose 28%, while the wind portfolio's CUF saw an increase of 42.3% from a year earlier. Adani Green's operational capacity rose 45% for the quarter. ($1 = 86.6430 Indian rupees)
Yahoo
2 days ago
- Business
- Yahoo
KKR invests in CleanPeak Energy to expand solar solutions in Australia
Investment company KKR has agreed to invest A$500m ($328.2m) in CleanPeak Energy to enhance the distributed energy platform in Australia. The strategic partnership will bolster the development and growth of distributed solar, battery storage and microgrid solutions within the commercial and industrial sector. CleanPeak Energy, co-founded by Philip Graham and Jon Hare in 2017, is a provider of fully financed, integrated solar and storage systems for blue-chip corporates across the country. The company has more than 50 distributed generation sites, including more than 140MW of solar assets and 35 megawatt hours (MWh) of battery energy storage system projects. CleanPeak is currently executing more than A$200m in construction projects within the sector. CleanPeak CEO Philip Graham stated: 'KKR is a perfect strategic partner for us as we seek to rapidly expand renewable energy solutions for our customers. 'They bring deep energy transition expertise, financial strength and a partnership mindset that will allow CleanPeak to continue to offer net-zero solutions at the same time as accelerating our growth plans through bolt-on acquisitions. Together, we will deliver reliable, lower-carbon energy for corporate Australia.' The investment from KKR is sourced from its Global Climate Transition strategy, marking its first venture in the Asia-Pacific region and its sixth transaction worldwide. The transaction is anticipated to conclude in the second half of 2025, pending customary regulatory approvals. KKR climate transition strategy for Asia partner and head Neil Arora stated: 'Australia's C&I [commercial and industrial] energy market is at an inflection point as corporates seek bankable pathways to better energy efficiency, reliability and affordability. 'By combining CleanPeak's proven operating platform with KKR's global network, operational expertise, and deep experience across our energy and infrastructure teams, we are well-positioned to unlock significant opportunities for corporate customers looking to decarbonise and reduce their energy bills.' KKR has also recently finalised agreements to acquire Zenith Energy, an Australian independent power producer. This acquisition from a consortium of Pacific Equity Partners, Canada's OPSEU Pension Trust (OPTrust) and the Foresight Group will enable Zenith to extend its renewable and hybrid energy solutions across Australia's remote and energy-intensive sectors. "KKR invests in CleanPeak Energy to expand solar solutions in Australia" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
INVL Renewable Energy Fund I secures new Kommunalkredit financing for solar energy projects in Romania
The INVL Renewable Energy Fund I, which is managed by INVL Asset Management and invests in renewable energy projects, signed a new EUR 29.3 million loan agreement with Kommunalkredit Austria AG (Kommunalkredit). The proceeds of the loan will be used to finance the construction of solar power plants with 71 megawatts (MW) of capacity in Romania. 'We value Kommunalkredit's steady commitment to backing our renewable energy projects in Romania. Long-term support plays an important role in accelerating the transition to green energy in the region,' says Liudas Liutkevičius, the Managing Partner of the INVL Renewable Energy Fund I. This is the second loan by European infrastructure banking specialist Kommunalkredit to the fund. In November 2023, the Vienna-based bank granted the INVL Renewable Energy Fund I a EUR 25 million loan for the construction of solar power plants in Romania. 'We are pleased to continue our successful partnership with the INVL Renewable Energy Fund I through this follow-up financing. The development of solar energy infrastructure in Romania reflects both the fund's strategic vision and our commitment to enabling the energy transition in high-growth markets. This transaction underlines Kommunalkredit's dedication to delivering bespoke financing solutions that empower sustainable development across Europe,' comments Konstantin Ponomarenko, Konstantin Ponomarenko, Senior Transactor, Structuring & Execution, Banking, Kommunalkredit Austria. The 71-MW project, located in Dolj County, is the fund's third large-scale solar energy development project in Romania. Construction of the facilities is scheduled for completion by the end of September next year. The INVL Renewable Energy Fund I is focusing on the Polish and Romanian markets, where the fund's managers see big growth potential. Total capacity of the fund's portfolio of projects in development in these markets is 389 MW. In Romania, the fund is investing in projects for 8 solar plants with a combined capacity of 356 MW. In Poland, it is developing solar park projects with over 32 MW in capacity. Investments in Romania and Poland are expected to exceed EUR 250 million. The fund has invested over EUR 90 million in acquisition and construction of the projects as of June 2025. Construction of all the solar parks should be completed by the end of 2027. The INVL Renewable Energy Fund I is currently seeking to raise up to EUR 15 million through an offering of bonds. The debt securities will be publicly offered to private and institutional investors in the Baltic countries from 28 July to 15 August (inclusive). German financial advisory firm Capcora and Romanian law firm Glodeanu & Partners advised the INVL Renewable Energy Fund I in obtaining the financing from the Austrian bank. About the INVL Renewable Energy Fund I The INVL Renewable Energy Fund I was established on 20 July 2021 by INVL Asset Management, the leading alternative asset manager in the Baltic States, as a sub-fund for informed investors. It invests in early- and mid-stage renewable energy projects (solar), including the construction of new power plants, the development and/or acquisition of the infrastructure necessary for the operation of power plants, and effective management of existing power plants in the European Union and member states of the European Economic Area. INVL Asset Management is part of Invalda INVL, the leading Baltic asset management group. Further information:Liudas LiutkevičiusManaging Partner of the INVL Renewable Energy Fund Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
