Leyline Renewable Capital, a supplier of early-stage capital for renewable energy builders, will provide $30 million in financing for Accelergen Energy LLC to develop a multi-gigawatt pipeline of utility-scale solar and storage tasks throughout a number of U.S. markets over the subsequent 4 years.
Accelergen was based by renewable energy veterans Thomas Houle and Josh Skogen. Houle has an intensive background in renewable energy growth, mission and platform investing and administration and can function the corporate’s CEO. Skogen will function senior vp of growth and can play a key position in company technique, mission growth and execution.
“Leyline Renewable Capital is well-known in our industry as a premier development lender,” says Houle. “The team worked closely with us to understand our specific needs and business goals. This infusion will strengthen our capital structure, which will accelerate our efforts as we launch the company and work to expand the team while executing upon our strategic plan.”