Bridge Renewable Energy Announces the Closing of an $80M Term Loan Facility to Support the Construction of a 40 MW Distributed Energy Solar and Battery Storage Portfolio

Core Insights - Bridge Renewable Energy (BRE) has successfully closed a portfolio financing of $80 million in a delayed draw term loan facility and $5 million in a revolving credit facility, aimed at supporting the development of solar and energy storage projects across nine U.S. states [1][2][3] Financing Details - The financing structure includes a construction-to-term loan, preferred equity bridge loan, and tax credit bridge loan capacity, specifically designed to support a 40 MW portfolio comprising 42 community solar and commercial and industrial solar projects [2][3] - The financing is arranged by Investec Bank, with participation from Amalgamated Bank and Farmer Mac, highlighting the collaborative effort in securing capital for renewable energy projects [1][3] Industry Context - The transaction underscores the challenges faced by distributed solar and energy storage sectors in accessing efficient capital, emphasizing the need for innovative financing solutions to accelerate deployment in the U.S. [3][4] - Energetic Capital's EneRate Credit Cover® policy is utilized to mitigate offtaker credit risk, showcasing the importance of risk management tools in renewable energy financing [3][4] Company Background - Bridge Investment Group, the parent company of BRE, manages approximately $50 billion in assets as of June 30, 2025, and focuses on specialized asset classes, including renewable energy [8] - Investec Bank, a key partner in this financing, operates in multiple regions and is dedicated to creating long-term value for stakeholders, reinforcing its commitment to sustainable investment practices [9]