Colorado renewable-energy developer Scout Clean Energy, a portfolio company of Quinbrook Infrastructure Partners, has closed a $250 million revolving corporate credit facility.
Scout said the facility will primarily be used to fund pre-construction development and equipment expenses, power-purchase agreement security requirements, and other corporate expenses for the company’s rapidly growing pipeline of wind, solar and storage projects.
“With this new credit facility, we plan to aggressively push Scout's growth pipeline in wind, solar and battery storage encompassing over 12,000 megawatts of planned renewable-energy build across 21 states,” said Michael Rucker, founder and CEO of Scout.
Scout has more than 12,000 megawatts dc in active development and more than 1,200 megawatts dc of renewable projects in operation in PJM, CAISO, ERCOT and SPP.