Chris Hurley
FirstLight Power, a clear power producer, developer and energy storage firm, lately accomplished the growth of its company credit score facility led by Royal Bank of Canada, the Toronto-Dominion Bank and Export Development Canada.
The credit score facility, totaling $97.5 million, offers the corporate with extra assets for long-term progress of its enterprise, together with development of its solar and battery challenge improvement pipeline to enhance its portfolio of greater than 1.6 GW of hydropower, storage and solar belongings.
“Over the past two years, FirstLight has moved aggressively to expand our focus beyond our traditional hydropower operations,” says Chris Hurley, senior vice chairman of finance. “FirstLight is worked up to have the help of its lenders to proceed our progress … as we advance our mission of accelerating the decarbonization of electrical grids throughout.
This expanded credit score facility follows numerous latest growth-related endeavors from FirstLight:
- The integration of H2O Power, including 150 MW of producing capability and representing the corporate’s first enterprise into the Canadian market;
- Joining a profitable funding consortium that secured a lease within the NY Bight Offshore Wind public sale;
- Creating a brand new partnership in Connecticut to advance new hybrid renewable energy initiatives on the firm’s Connecticut properties;
- Collaborating with New Leaf Energy (previously Borrego) to develop new solar and storage era at hydropower amenities in Massachusetts and Connecticut.
