Thursday, July 7, 2022

Birch Creek Development Gets $250M Loan For Renewable Energy

Los Angeles-based Birch Creek Development LLC said this week that it has raised $250M in a credit facility from Fundamental Renewables, to go towards utility scale solar projects. The company said the debt financing will fund development and construction of utility scale solar projects, plus strategic acquisitions in key markets. Birch Creek that so far, it has financed over 700 megawatts (MW) of projects, with 5+ gigawatts of utility scale solar in the pipeline. Birch Creek is led by CEO Dan Siegel.