DURHAM, N.C. — Leyline Renewable Capital has announced its projects have collectively surpassed 4GW of potential renewable energy generation, representing more than $100 million in development capital commitments. Since inception, Leyline has financed the development of more than 40 projects across anaerobic digestion, solar power, wind power, battery storage and landfill gas, which will lead to the reduction of 5.9 million metric tons in greenhouse gas emissions.
Recent completed transactions include:
- Providing Belltown Power USA with the capital to begin the development of projects totaling 394MW.
- Retrofitting and reengineering the Port of Tillamook Bay Digestor project, which will result in a projected net generation of 8,988 MWh annually.
- Providing a development loan to Solterra Partners to secure a power purchase agreement for a 100MW solar project in North Carolina.
In August 2019, Leyline received an investment from Newlight Partners LP to support Leyline’s identification and execution of renewable energy projects throughout the United States. Leyline’s recent partnerships bring its total transactions to 4.1GW of renewable energy generation capacity across the United States.
“Surpassing four gigawatts of renewable energy generation capacity is a significant achievement and indicative of Leyline’s position as a capital partner of choice for investors and developers in the rapidly growing renewable energy industry sector,” said Erik Lensch, CEO of Leyline Renewable Capital. “We are grateful for Newlight’s support as we continue to expand the breadth of our development activity in an effort to materially increase renewable energy capacity and reduce greenhouse gas emissions.”
“This is an impressive milestone for Leyline, and we are excited to partner with Erik and his experienced team, who are working to solve the challenges that renewable energy developers face in our collective fight against climate change,” said Mark Longstreth, a partner at Newlight. “Leyline’s execution ability in renewable energy projects is capable of generating substantial positive impact on the environment and economy, and Newlight is proud to be partnered with Leyline as it continues to grow its business.”
For more information, please visit: https://leylinecapital.com.
