Scout Clean Energy, a Colorado-based renewable energy developer, owner and operator, closed a $250 million revolving corporate credit facility. KeyBanc Capital Markets is acting as mandated lead arranger for the facility.
Scout Clean Energy will use the facility, which includes an accordion feature, to fund pre-construction development and equipment expenses, PPA security requirements and other corporate expenses for its pipeline of wind, solar and storage projects.
“Scout is excited to strengthen our existing relationship with KeyBanc Capital Markets, who has consistently supported Scout’s growth over many years,” Michael Rucker, founder and CEO of Scout Clean Energy, said. “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.”
“This transaction further cements our relationship with Scout Clean Energy,” Aaron Klein, managing director of KeyBanc Capital Markets, said. “The issuance of the corporate credit facility demonstrates our confidence in Scout’s ability to manage its existing operating portfolio and successfully execute on its growth plan over the coming years.”
Scout Clean Energy, which is a portfolio company of Quinbrook Infrastructure Partners, has more than 12,000 MWdc in active development and more than 1,200 MWdc of renewable projects in operation.
