Global Infrastructure SherpaBayWa r.e. secures $115M credit facility from Nomura for 1.1 GW solar and 188 MWh storage projects in the U.S.
USD115M
Deal Value
1100 MW
Capacity
BayWa r.e. has secured a $115 million credit facility from Nomura to support the development of utility-scale solar and solar+storage projects in the U.S. This financing will initially back projects totaling 1.1 GW of solar and 188 MWh of battery storage across several states, with projects expected online between 2024 and 2026. The deal underscores BayWa r.e.'s commitment to expanding its clean energy footprint and leveraging the Inflation Reduction Act's incentives.
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Counterparts (4)
Buy-Side Legal
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BayWa r.e. has secured a $115 million credit facility from Nomura, specifically earmarked to accelerate a significant U.S. build-out of utility-scale solar and battery storage projects. This financing will initially back 1.1 GW of solar and 188 MWh of storage capacity, with projects slated to come online between 2024 and 2026. The timing clearly positions BayWa r.e., a global renewable energy developer, to capitalize on Inflation Reduction Act incentives. Notably, Norton Rose Fulbright advised on the deal, bringing recent experience from a $150M solar and storage financing upsize in Australia.
- $115M credit facility from Nomura
- 1.1 GW solar and 188 MWh storage capacity
- Projects expected online 2024-2026, leveraging IRA
- Norton Rose Fulbright's recent similar financing advisory in Australia
Timeline
Announced
May 2, 2023
Signed
Closed
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