Invenergy gets USD-900m green LC for renewables pipeline in Americas

Natixis Corporate & Investment Banking (Natixis CIB) said on Tuesday that it has provided a USD-900-million (EUR 829.7m) Green Letter of Credit (LC) facility to US clean energy developer Invenergy.

The Green LC will support Invenergy's development of large-scale renewable and other clean energy generation and storage facilities across the Americas, the statement said.

Natixis CIB acted as sole bookrunner, syndication agent, administrative agent and green loan coordinator in the transaction. The direct beneficiary is Invenergy Renewables Finance North America.

The portfolio of Invenergy and its affiliates spans over 30 GW of projects in operation, construction or contracted, including wind, solar, transmission infrastructure, natural gas power generation and energy storage.

"Invenergy continues to bring the most advanced clean energy solutions to market and we are expanding our project portfolio across technologies to meet rising demand," said Meghan Schultz, Executive Vice President and Chief Financial Officer at Invenergy.

The latest arrangement comes shortly after Natixis CIP provided USD 1.27 billion in construction financing, enabling Invenergy to build 677 MW of wind and solar farms in Kansas and Texas.

(USD 1.0 = EUR 0.922)

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