Fiera Capital’s infrastructure debt unit has disclosed that it has taken part in a $200m financing facility to enable the US expansion for renewables developer Greenalia.
Last month, Greenalia announced that it had secured $200m in credit facilities to support the development of its solar and wind project pipeline in the US.
“This operation represents an important milestone for the company’s US expansion, where we are currently developing a 3GW portfolio diversified through projects in three technologies -solar, wind and batteries,” Antonio Fernández-Montells, CFO of Greenalia said at the time.
Fiera Infrastructure Private Debt has now disclosed it was part of the financing solution that combines both bank and private credit capital for Greenalia Power US Advanced II.
Fiera said the proceeds from the facilities will enable Greenalia US to finance project equipment, as well as other development and construction expenses, helping to accelerate the development of its portfolio.
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