WattBridge Energy closes HoldCo financing of $265 mn

WattBridge platform

WattBridge Energy announced closing on a HoldCo financing of $265 million in secured notes to fund the expansion of its fast-start peaking platform.

EIG led the investment, with Fiera Infrastructure Private Debt (Fiera) and affiliates also investing in the notes. This latest financial close brings capital investments in the global independent power producer in just 30 months to more than $1.5 billion.

The funds will support the development of an additional 480 MW for the Texas grid. When completed, WattBridge capabilities in ERCOT will increase to 2,304 MW, placing the company nearly two-thirds of the way to its planned goal for 4 GW of power generation in ERCOT by 2025.

PROENERGY will construct, operate and maintain each plant as a turnkey power solution, including the engine, package, and complete balance-of-plant systems.