In a decisive move to advance renewable energy growth in the United States, energyRe has secured $370 million in financing for the development of a solar project portfolio in South Carolina. The transaction, structured and arranged by Santander, underscores the company’s commitment to accelerating clean energy adoption and supporting the region’s growing power demands. With support from leading global banks, this financing represents a pivotal step in expanding sustainable infrastructure across the Southeast.
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The $370 million financing will fuel the construction and development of a portfolio of solar projects designed to power approximately 36,000 homes annually. By integrating renewable generation into South Carolina’s energy mix, energyRe is helping the state reduce its reliance on fossil fuels while addressing the increasing demand for clean and reliable power. The portfolio stands as a testament to energyRe’s long-term vision of driving decarbonization through scalable, community-focused renewable solutions. Once operational, these solar facilities will play a key role in strengthening the region’s energy independence and supporting broader climate goals.

Structured and arranged by Santander, which also serves as the Administrative Agent, the financing package includes both construction and term loan facilities—ensuring long-term project stability and financial flexibility. The deal attracted participation from prominent financial institutions such as Bank of America, Natixis, and Société Générale, highlighting strong investor confidence in the solar sector’s growth trajectory. This syndicate-led financing underscores how collaborative funding can accelerate clean energy transitions while fostering economic growth at the state level. For energyRe, this marks another milestone in building strategic partnerships that bridge the gap between finance and sustainability.

Beyond powering tens of thousands of homes, the South Carolina solar portfolio will generate significant local benefits, from job creation during construction to long-term environmental gains. By investing in renewable capacity at a regional scale, energyRe is setting an example of how infrastructure investment can align with both environmental and economic goals. The company’s continued expansion of its renewable footprint demonstrates how private-sector initiatives can complement public policy in advancing clean energy adoption across the U.S.

energyRe’s $370 million financing milestone marks a transformative moment for South Carolina’s renewable energy journey. With strong financial partnerships and a clear commitment to sustainability, the company is paving the way for a more resilient, low-carbon energy future. As the solar portfolio moves toward completion, it will not only power thousands of homes but also energize the state’s clean energy ambitions for decades to come.

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