Leeward Renewable Energy (LRE) has announced the closing of its US$1.25 billion construction warehouse facility (Construction Warehouse). The Construction Warehouse provides three years of committed capital designed to fund a multi-year build plan of advanced and construction-ready projects from LRE’s development pipeline.
Initially, the US$1.25 billion revolving facility will fund the construction of six fully contracted wind, solar, and battery storage projects, totalling nearly 1 GW of capacity, which are expected to be completed and begin operation throughout 2024 and 2025. LRE’s renewable energy platform currently includes more than 3 GW of operating assets and more than 30 GW of projects in its development pipeline.
