Eolian, L.P. ("Eolian"), a portfolio company of Global Infrastructure Partners ("GIP"), together with Santander Corporate & Investment Bank, MUFG, National Australia Bank, Natixis, Lloyds Bank, and SMBC, today announced the closing of a $315 million renewable energy green loan and $75 million revolving credit facility, building on a $515 million green loan closed in June 2023 with the same group of global banking institutions. This financing is secured by a diverse group of eligible green project assets created by Eolian and is aligned with the four pillars of the Green Loan Principles, jointly published by the Asia Pacific Loan Market Association (APLMA), the Loan Market Association (LMA) and the Loan Syndications and Trading Association (LSTA) in February 2023.
"It is with deep gratitude to this esteemed group of global financial institutions that we announce another long-term financing backed by our portfolio of diversified and reliable cashflows, generated solely from a broad set of operating renewable energy projects across the US," said Eolian CEO Aaron Zubaty. "The closing of these facilities provides further validation of our creative and patient strategies for developing the vital infrastructure that will solve the growing energy supply challenges of the future."
"Eolian is playing an important role in the US energy transition and we are proud to support the company as it continues to find solutions to the challenges faced by the renewables sector. The business has created an innovative approach to development that maximizes long-term sustainability in an increasingly grid-constrained energy landscape. The renewables sector is a growing part of our business, and we look forward to supporting more innovation and development."
--James Taylor, MD, Global Head of Infrastructure and Project Finance, Lloyds Bank
"Santander Corporate & Investment Banking ("SCIB") is pleased to continue extending our support to Eolian in the second phase of this innovative and strategic financing. Eolian continues to be a leader in the energy transition, and we look forward to further supporting Eolian and GIP on their ambitious growth strategy."
-- Andrew Platt – Head of Structured Finance US, SCIB
"We are thrilled to continue our support of Eolian, with the Lipari II and Lipari Royalty Holdco financings. In partnering with Eolian, which has a major impact on energy transition to counter climate change, MUFG is furthering our strategy of supporting decarbonization and the growth of renewable energy solutions nationwide."
-- Louise Pesce, Managing Director, Project Finance, MUFG Bank Ltd.
"SMBC is delighted to further support Eolian with this important transaction. Eolian continues to play an important role in enabling and expanding renewable generation, and we appreciate the opportunity to partner with them in their growth."
--Paul Jun, Head of Power & New Energies Project Finance, North America, SMBC