D.E. Shaw Renewable Investments (DESRI) has entered into a strategic financing relationship with Harbert Infrastructure managed funds including Gulf Pacific Power, LLC (GPP) and Harbert Infrastructure Fund VI (HIF VI).
Under the arrangement, Harbert will provide DESRI with up to $400 million of capital to use at DESRI’s discretion. The relationship will support DESRI’s operations across the renewable energy sector in the United States.
DESRI is focused on owning and managing long-term contracted renewable energy assets in North America and has a portfolio of projects totaling more than 6 gigawatts (GWac) of operating, construction and contracted projects.
Harbert has developed, acquired, owned and operated infrastructure assets in the United States and Canada for more than 35 years and currently manages investments in power generation assets totaling over 7.0 GWac of gross capacity.