Leyline Renewable Capital, a provider of early-stage capital for renewable-energy developers, has announced $30 million in financing for solar and storage developer Accelergen Energy.
With the support of Leyline Growth Capital, Accelergen is planning to develop a multi-gigawatt pipeline of utility-scale solar and storage projects across multiple U.S. markets throughout the next four years.
Accelergen was founded by renewable-energy veterans Thomas Houle and Josh Skogen, both with proven track records building renewable energy businesses. Houle spent the previous 12 years as managing director of Macquarie's Green Investment Group (GIG), which he joined after selling his wind and solar development company Fremantle Energy to GIG. He has an extensive background in renewable-energy development, project and platform investing, and management, and will serve as the company's CEO.
Skogen spent a majority of the past 12 years helping build sPower from a family office to