Leyline Renewable Capital, a provider of pre-construction capital for renewable energy, has entered into a financing arrangement with Core Solar, a developer of solar energy projects.
Leyline said it will provide development-stage capital to support development of 600 MW of utility-scale solar projects representing a portion of Core Solar’s pipeline across the United States.
Erik Lensch, CEO of Leyline Renewable Capital, said: “This investment will enable Core Solar to accelerate its already extensive development pipeline and ensure that these critical projects have the resources they need to move quickly to construction.”
Leyline Renewable Capital works with developers throughout the renewable energy sector to provide capital for the pre-construction phase of complex, utility-scale projects, including permitting, engineering, site analysis and securing interconnection agreements.
Greg Nelson, president and CEO of Core Solar, said: “Leyline brings a level of experience and sophistication that differentiates them in our space.”
Core Solar brings an analytical, data-based approach to project development, identifying the markets and sites where utility-scale solar can have the greatest impact and return.