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Bridgelink Power Closes $200 Million Senior Secured Loan Facility Provided By Crayhill Capital Management

Apr 12, 2022•over 3 years ago

Amount Raised

$200 Million

Fort Worth

Description

Bridgelink Power, a leading developer, constructor, and operator of utility-scale solar and energy storage projects, today announced that it has closed a senior secured revolving credit facility (the "Facility") for up to $200 million with Crayhill Capital Management LP ("Crayhill"), a New York-based, minority-owned private credit manager focused on asset-based investments and with deep expertise in the renewable energy sector. The Facility will finance late-stage, utility-scale solar projects under development by Bridgelink Power.

Company Information

Company

Bridgelink Power

Location

Fort Worth, Texas, United States

About

Bridgelink Power has over 10GWp of solar, storage, and solar-plus-storage projects under development across Electric Reliability Council of Texas (ERCOT), PJM Interconnection (PJM), and Midcontinent Independent System Operator (MISO), and includes over 1,000 MWh of standalone battery storage projects. Bridgelink Power is a family-held organization that has built a strong reputation and portfolio of companies within the renewable energy industry.

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