Invenergy, a global leader in sustainable energy, recently secured considerable financial backing. A $900 million Green Letter of Credit facility is now in place. This will aid the funding of numerous clean energy projects in the North and South America. This move indicates a significant expansion in renewable energy generation.
Key Financial Entities:
- Lead Role: Natixis Corporate & Investment Banking
- Functions: Sole Bookrunner, Syndication Agent, Administrative Agent, Documentation Agent, Green Loan Coordinator
Their commitment to advancing the clean energy sector is evident by Invenergy’s USD 900 million green letter of credit facility. With this facility, Invenergy aims at an increase in the diversity of technologies to meet the growing market demands for renewable energy solutions.
Last year, Invenergy upped its Revolving Credit Facility to $1.5 billion to foster the growth of Invenergy Renewables Operating I LLC. Natixis CIB contributed here as the Sustainability Coordinator, integrating features into the financial arrangement that align with Invenergy’s sustainability objectives.
Participating Financial Institutions:
| Bank Name | Branch Location |
| Banco Bilbao Vizcaya Argentaria | New York |
| Bank of Montreal | Chicago |
| BNP Paribas | — |
| CaixaBank | — |
| Cooperatieve Rabobank | New York |
| HSBC Bank USA | National Association |
| JP Morgan Chase Bank | N.A. |
| KeyBanc Capital Markets Inc | — |
| Mizuho Bank | Ltd. |
| National Australia Bank Limited | — |
| Nomura Corporate Funding Americas | LLC |
| Norddeutsche Landesbank Girozentrale | New York Branch |
| Royal Bank Of Canada | New York Branch |
| Société Générale | — |
Highlights of Invenergy
- Based in Chicago with regional offices in multiple countries.
- More than 30,000 megawatts developed, under construction, or contracted across wind, solar, and other forms of clean energy.
- Delivers comprehensive energy solutions including generation, transmission, and advanced energy storage.
In essence, Invenergy’s USD 900 million green letter of credit facility and other actions reflect a firm resolve to supply innovative clean energy. This position the company at the forefront of the renewable energy industry. Also it cements their role in safeguarding a sustainable future.
Source: Invenergy Closes Green Letter of Credit Facility for USD 900 Million
