FirstLight Power, a clean power producer, developer and energy storage company serving North America, completed the expansion of its corporate credit facility led by Royal Bank of Canada, TD Bank and Export Development Canada, the latter of which joined the facility with this expansion. The credit facility totals $97.5 million in revolving corporate credit and letters of credit facilities and will provide FirstLight with additional resources to support the long-term growth of its business, including advancement of its solar and battery project development pipeline to complement the company’s operating portfolio of more than 1,600 megawatts of hydropower, storage and solar assets in multiple North American markets.
“Over the past two years, FirstLight has moved aggressively to expand our focus beyond our traditional hydropower operations to include the development of diversified clean energy projects such as solar, battery, and offshore wind projects,” Chris Hurley, senior vice president of finance for FirstLight, said. “FirstLight is excited to have the continued support of its lenders to continue our growth trajectory in the years ahead as we advance our mission of accelerating the decarbonization of electric grids across North America.”
