AES Distributed Energy entered into a $341 million debt agreement which provides new capital to be used for permanent debt financing for a portfolio of distributed generation projects throughout the Northeast.
The financing is the largest domestic debt facility raised for a portfolio of community and distributed solar and represents the third large umbrella facility AES DE has completed since 2017. Silicon Valley Bank, KeyBank and Nomura acted as coordinating lead arrangers.
“This transaction will fortify AES DE as a dominant market participant in the fast-growing community solar sector spreading throughout the Northeast,” said Brian Cassutt, AES DE CFO. “AES DE’s balanced approach to development has been validated through this market-leading transaction. SVB, KeyBank and Nomura provided excellent service throughout the process and their market knowledge greatly contributed to the transaction’s success.”_x000D_
AES Distributed Energy brings reliable and cost-effective distributed energy systems to utilities, municipalities, corporations, schools, and commercial and industrial customers.
