Linea Energy secures financing for 172 MWdc Watertown solar project in Michigan
Type: Financing · Technology: Solar · Country: United States · Announced: 2026-03-25
Linea Energy, a portfolio company of EnCap Investments, has closed project financing for its 172 MWdc Watertown solar project located in Sanilac County, Michigan. The financing package includes a construction-to-term loan, a tax equity bridge loan, and a letter of credit facility. Santander Corporate & Investment Banking led the financing, with participation from Société Générale, NORD/LB, and Truist. This transaction marks Linea's third renewable energy project to reach financial close, underscoring the strength of its platform and its commitment to delivering long-term value for Michigan communities and the broader renewable energy sector.
Counterparties
- Truist (Lender)
- Linea Energy (Borrower)
- NORD/LB (Lender)
- Santander Corporate & Investment Banking (Lender)
- EnCap Investments (Parent Company)
- Société Générale (Lender)