Core Insights - Deriva Energy has successfully completed a $127 million debt financing for two operating energy assets, Ledyard Wind and Pisgah Ridge Solar [1][2] - The financing was provided by Principal Asset Management and MetLife Investment Management, highlighting strong investor confidence in Deriva's renewable energy projects [2][3] - Deriva Energy, a leader in clean energy, operates over 6,200 MW of assets and has over 10,500 MW in development across the U.S. [4] Financing Details - The portfolio includes Ledyard Wind, a 207 MW wind facility in Iowa, and Pisgah Ridge, a 250 MW solar facility in Texas, both of which began commercial operations in 2022 [2] - Both projects have long-term power purchase agreements with high-quality corporate purchasers, ensuring stable revenue streams [2] - This marks the second debt financing arranged with Principal Asset Management and MetLife Investment Management since Brookfield's acquisition of Deriva in October 2023 [3] Company Background - Deriva Energy, formerly known as Duke Energy Renewables, is headquartered in Charlotte, North Carolina, and is a portfolio company of Brookfield, a major player in renewable power and climate transition assets [4] - The company is recognized for its significant operational capacity and ongoing development in the clean energy sector [4]

Core Insights - Doral Renewables LLC has successfully closed a $100 million corporate Letter of Credit facility to support new interconnection and power purchase agreement obligations during project development [1][2] - This new facility adds to Doral's existing corporate Letter of Credit capacity of $185 million, indicating strong financial backing for its renewable energy projects [1][2] - HSBC acted as the Sole Arranger and Issuing Bank for this facility, reflecting a deepening relationship and confidence in Doral's execution capabilities in the renewable energy sector [2] Company Overview - Doral Renewables is a Philadelphia-based developer, owner, and operator of renewable energy assets, with a solar and storage development portfolio exceeding 16 GW, including 400 MW currently operational and 950 MW under construction [3] - The company operates in 20 states across seven electricity markets and has secured over $2.5 billion in long-term wholesale power purchase agreements with U.S. customers [3] - Doral emphasizes community engagement and aims to integrate agrivoltaics practices throughout its project pipeline, creating additional opportunities for farming communities [3] HSBC Overview - HSBC USA Inc. serves as a holding company for its subsidiaries, offering a full range of traditional banking products and services to various clients, including individuals, small businesses, and corporations [4] - HSBC Holdings plc, headquartered in London, is one of the world's largest banking and financial services organizations, with assets totaling approximately $3,017 billion as of December 31, 2024 [5]