Renewa, a provider of land-based financing solutions for clean energy infrastructure, has secured $502 million in financing from a consortium of institutional investors.
The financing will allow Renewa to grow its portfolio of land and lease receivables that support energy development the United States.
Renewa said this infusion of long-term capital strengthens the company’s ability to provide flexible funding solutions to land owners and contributes to meeting the country’s growing energy needs. With this transaction, Renewas total capital commitments now exceed $1.25 billion.
Renewa is backed by long-term institutional capital from Queensland Investment Corporation (QIC) and La Caisse (formerly CDPQ), two of the world’s largest infrastructure investors with more than A$400 billion ($268 billion) in combined assets under management.
The company has a presence in more than 9 gigawatts of projects operated by more than 85 developers as well as has la
