US project developer and independent power producer (IPP) Catalyze has secured a $400m debt facility to support the construction and aggregation of commercial and industrial (C&I), community solar, and battery storage projects.
The multiyear loan, provided by ATLAS SP Partners, which is majority-owned by Apollo funds, will help finance Catalyze’s growing portfolio.
The company currently operates and is constructing 300 MW of assets, with over 1 GW in development.
“This facility is a critical milestone for Catalyze in our strategy to scale distributed renewable energy solutions for businesses and communities across the United States and will enable us to double in size by the end of the year, reaching 300 MW in operation,” said Jared Haines, CEO of Catalyze.
Catalyze, backed by private equity sponsors EnCap Investments and Actis, continues to expand its renewable energy footprint.
In 2023, it brought online its first standalone BESS: a 4.29 MW/8.58 MWh facility in Bronx, New York.
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