Invenergy Concludes $900 Million Green Letter of Credit Facility

Invenergy, a leading provider of sustainable energy solutions, has finalized the issuance of a $900 million Green Letter of Credit (L/C) facility to provide financing to Invenergy Renewables Finance North America. This facility will improve Invenergy’s expanding project development pipeline, which includes large-scale renewable energy and storage projects across the Americas. Natixis Corporate & Investment Banking (Natixis CIB) acted as the Sole Bookrunner, Syndication Agent, Administrative Agent, Documentation Agent, and Green Loan Coordinator for this initiative.

This recent closure comes after last year’s declaration of Invenergy’s closure and expansion of its Revolving Credit Facility to USD 1.5 billion, aimed at supporting Invenergy Renewables Operating I LLC (IROI). “Invenergy continues to bring the most advanced clean energy solutions to market and we are expanding our project portfolio across technologies to meet rising demand,” said Meghan Schultz, Executive Vice President and Chief Financial Officer at Invenergy. “Natixis and the entire lender group has reinforced their commitment to Invenergy, and the increased facility will support our continued growth and the acceleration of a clean energy future.”