Scout Clean Energy Secures $100 Million Equipment Supply Loan to Propel Renewable Power Initiatives

Scout Clean Energy, a prominent renewable energy developer based in Colorado, has finalized a significant $100 million equipment supply loan (ESL) with Rabobank. The funding, aimed at facilitating Scout’s equipment down payments, underscores the company’s commitment to advancing renewable power initiatives. Scout, managed by Brookfield Asset Management, a global leader in decarbonization solutions, intends to expand the facility to $200 million and collaborate with additional banks later this year to support its near-term pipeline of wind, solar, and storage projects.

John Clapp, Chief Financial Officer at Scout Clean Energy, emphasized the importance of this financing in establishing Scout as a leading integrated renewables Independent Power Producer (IPP). The expansion of credit facilities aligns with Scout’s strategy to enhance capital efficiency, ensuring competitiveness in the market and flexibility to address development needs as the company’s project pipeline expands.

Claus Hertel, Managing Director of Project Finance at Rabobank Wholesale Banking North America, expressed satisfaction in supporting Scout’s renewable energy endeavors, emphasizing the facility’s role in accelerating growth momentum and securing essential equipment for wind, solar, and storage projects. The collaboration reflects the strong relationship between Rabobank and Scout, showcasing a mutual commitment to advancing the energy transition.

With plans to aggressively pursue growth opportunities, Scout aims to leverage the new credit facility to advance its pipeline, which encompasses over 19,000 megawatts of planned renewable energy build across 22 states.