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]