Leeward Renewable Energy Closes $1.25 Billion in Warehouse Facility Financing to Fund Wind, Solar, Battery Energy Storage Projects

Stoel Rives represented Leeward Renewable Energy in closing a $1.25 billion construction warehouse facility that initially will be used to fund construction of six fully contracted wind, solar, and battery storage projects with a total capacity of more than 890 MW. The projects are slated for completion and start of operation for the remainder of 2024 and through 2025.

Leeward is a high-growth renewable energy company that owns and operates a portfolio of 32 wind, solar, and energy storage facilities across the U.S. The company’s renewable energy platform comprises more than 3 GW of operating assets, with a further 30 GW of projects scheduled for development.

The Stoel Rives deal team that counseled Leeward in securing the financing included Alex Mertens, Kevin Burnett, Peter Denton, William Leo, and Riley Scholer, among others.

For more on the deal, see the Leeward press release.