Treaty Oak Clean Energy Secures $300 Million Credit Facility To Boost Its Growing Renewable Energy Projects

Treaty Oak Clean Energy, a U.S.-based independent power producer, has announced the successful close of a $300 million senior secured corporate credit facility. This funding will play a critical role in supporting the company’s expanding renewable energy portfolio, which currently includes 17.3 gigawatts of utility-scale solar, wind, and battery energy storage projects spread across key power markets in the United States. The credit facility was arranged by ING Capital LLC, Nomura Corporate Funding Americas, LLC, and Sumitomo Mitsui Banking Corporation, who acted as Coordinating Lead Arrangers. ING served as the Green Loan Agent for the transaction, and Nomura took on the role of Administrative Agent.

Treaty Oak received exclusive financial advisory support from PEI Global Partners. Legal counsel for the borrower was provided by Latham & Watkins LLP, while Norton Rose Fulbright US LLP represented the lenders. Proceeds from the facility will be used to fund a variety of strategic needs, including interconnection and offtake letters of credit, procurement of major equipment, and general corporate expenses. These investments will directly contribute to the advancement of Treaty Oak’s project pipeline and help position the company as a leading player in the U.S. clean energy sector.

Chris Elrod, Treaty Oak’s Chief Executive Officer, stated, “This Facility strategically positions us to accelerate our buildout of important renewable projects in the US and opportunistically approach a market that is experiencing significant regulatory change. This financing reflects strong lender confidence in our business model and management team and gives us a competitive advantage.”

Sky Fabian, Partner at PEI Global Partners, mentioned, “This transaction highlights the strength and capabilities of the Treaty Oak platform, supported by a syndicate of top-tier global lenders. We are pleased to work alongside the Company to secure a highly accretive credit facility that will enable the Company’s commercialization of the next wave of clean energy development projects across the US.”

The company’s development strategy is backed by strong relationships with reputable offtakers and a flexible approach to securing power purchase agreements. To date, 485 megawatts of projects have signed or are under exclusive offtake arrangements, with more than 1 gigawatt currently in active negotiations. Construction began in 2024 on the company’s 100 MW Redfield solar project in Arkansas. Treaty Oak is also preparing to break ground on an additional 385 MW of solar projects in Louisiana in 2025. The credit facility will allow the company to maintain its development momentum and meet the growing demand for clean, reliable, and cost-effective energy solutions across the country.