Renewable-energy developer RAI Energy has received a project development loan from Leyline Renewable Capital. Financial terms were not disclosed.
RAI will use the capital to advance multiple large utility-scale solar and solar-plus-storage projects in the Western Energy Coordinating Council (WECC) market throughout the next four years.
“We're thrilled to enter into this agreement with Leyline as a partner to accelerate our growth,” said Mohammed Alrai, founder and CEO of RAI Energy. “Their invaluable experience navigating the highs and lows of development, extensive industry knowledge, and adaptable financing approach make them an outstanding financial partner as we expand our project portfolio.”
He added: “This financing will not only enable us to achieve our company's vision, but also allow us to grow our team further.”
