Ecoplexus Secures $300 Million Credit Facility to Advance 13 GW Solar and Storage Pipeline in the United States

Ecoplexus has closed a $300 million credit facility from capital accounts advised by global investment firm KKR, with additional development capital and a letter of credit facility provided by Sumitomo Mitsui Banking Corporation (SMBC). The financing will support the progression of more than 13 GW of solar and energy storage projects across the United States.

Ecoplexus Chief Executive Officer John Gorman said the new facility provides the scale and financial certainty needed to move several gigawatts of projects into the construction phase. “This financing marks an important milestone for our business and gives us the certainty and scale required to advance several GW of projects to start construction in the near term,” he said, expressing appreciation for the confidence shown by KKR and SMBC.

Senior Vice President of Finance Ed Campaniello said the credit facility strengthens Ecoplexus’ U.S. portfolio and will support more than $2.5 billion in project financing, including partnerships for construction-ready projects and long-term ownership of key assets.

KKR Director Sam Mencoff said the investment aligns with the firm’s Asset-Based Finance strategy. “We’re pleased to finance Ecoplexus and its high-quality, large-scale portfolio of development assets. Ecoplexus has demonstrated analytical sophistication, discipline and scale in its development approach, and we look forward to supporting the company as it expands its solar and storage portfolio.”