Wattbridge Closes On $265 Million In Financing Led By Eig; Supports Expansion Of Power Generation Platform By 480 Mw
Wattbridge Closes On $265 Million In Financing Led By Eig; Supports Expansion Of Power Generation Platform By 480 Mw
07/26/22, 11:02 AM
Location
houstonIndustry
solar
renewable energy
energy
WattBridge Energy announced closing on a HoldCo financing of $265 million in secured notes, which will fund the continued expansion of its fast-start peaking platform. EIG led the investment, with Fiera Infrastructure Private Debt (Fiera) and affiliates also investing in the notes. This latest financial close brings capital investments in the global independent power producer in just 30 months to more than $1.5 billion.
Company Info
Location
houston, texas, united states
Additional Info
The company offers vertically integrated aeroderivative power services, including engineering, construction, operations, repair, maintenance, research, and true, turnkey power generation facilities that include the complete balance of plant. "WattBridge has developed facilities that are valuable beyond simple economics," he says. Serving as a bridge between emissions-intensive power generation and a fully renewable future, WattBridge operates under the vision of enabling wind and solar-energy growth.