Newlight Capital has invested $150 million in Leyline Renewable Capital, a provider of development financing across renewable energy sectors.
Leyline said the investment will enable it to identify and provide development-stage debt and equity to support renewable energy projects throughout the United States.
“By taking a patient view on the projects we choose to support, we are able to identify promising opportunities for renewable energy projects and build deeper relationships with developers, ensuring projects are successful and profitable,” said Erik Lensch, CEO of Leyline Renewable Capital.
Leyline develops, builds and finances renewable energy projects that emphasize efficient project development, reducing risk and increasing investor returns.
Leyline’s portfolio includes utility-scale solar projects, as well as anaerobic digesters which process organic waste into renewable natural gas. The company’s Windstar Fund I jump-started major energy