Deriva Energy has completed $127 million debt financing for a portfolio of currently operational energy assets. The portfolio received senior secured notes from Principal Asset Management and MetLife Investment Management. The portfolio comprises the Ledyard Wind and Pisgah Ridge Solar projects, both owned and operated by Deriva Energy.
The Ledyard Wind project is located in Kossuth County, Iowa, and has a capacity of 207 MW. Pisgah Ridge Solar is a 250 MW solar facility situated in Navarro County, Texas. The projects began commercial operations in 2022.
Deriva Energy is a US-based developer, owner, and operator of clean energy projects. It has over 6,200 MW of operating assets and 10,500 MW of assets in development across US. It is a portfolio company of Brookfield, which owns and operates renewable power and climate transition assets.
