BayWa r.e. secures $115M credit facility from Nomura for 1.1 GW solar and 188 MWh storage projects in the U.S.

The $115 million credit facility from Nomura provides crucial capital for BayWa r.e.'s U.S. development pipeline, announced on 2023-05-02. This financing directly supports the construction of 1.1 GW of utility-scale solar capacity paired with 188 MWh of energy storage projects across the United States. BayWa r.e., a global renewable energy developer, gains significant financial flexibility to advance its hybrid project portfolio. Nomura's commitment facilitates the build-out of large-scale, integrated renewable assets, aligning with the increasing demand for dispatchable clean energy in the U.S. market. The structure as a credit facility allows BayWa r.e. to manage capital deployment efficiently for multiple projects within its development and construction phases. BayWa r.e.'s established presence as a global renewable energy developer, active in solar, wind, and energy storage, positions it to execute on this substantial 1.1 GW solar and 188 MWh storage pipeline in the United States. For Nomura, a global financial services group, this $115 million credit facility represents a direct capital deployment into U.S. hybrid renewable energy infrastructure. Skadden, Arps, Slate, Meagher & Flom LLP, advising BayWa r.e., brings its extensive legal expertise from a firm with over 1,700 attorneys and $3 billion in annual revenue to the transaction. Norton Rose Fulbright, acting for Nomura, previously advised on Revera Energy's $150 million facility upsize in Australia, which also involved solar, storage, and hydrogen technologies, demonstrating its experience in complex renewable energy financing. The engagement of Skadden, Arps, Slate, Meagher & Flom LLP and Norton Rose Fulbright on this $115 million transaction demonstrates the demand for specialized legal counsel in U.S. hybrid renewable energy financing.