#USA #Clean Energy #New York #Invenergy #Natixis

Natixis Secures $2.5 Billion Credit for Clean Energy Leader Invenergy

Natixis Corporate & Investment Banking is excited to announce the closing of a substantial $2.5 billion Revolving Credit Facility that has been arranged for Invenergy Renewables Operating I LLC. This financing not only enhances Invenergy's prior $1.5 billion credit line but also brings in a multitude of new lenders to support a vision that strives towards sustainable energy generation and storage across the Americas.

Invenergy's operations have significantly contributed to the clean energy sector, having developed over 200 projects that together amount to 33 gigawatts of electric generation capacity. The firm's focus lies on creating a more reliable and cost-effective energy landscape, a goal that resonates profoundly with today's pressing energy demands. The upsized facility is expected to finance a growing project pipeline emphasizing large-scale clean energy initiatives.

Strengthening Collaborations

Within this new agreement, Natixis stepped into numerous key roles such as the Mandated Lead Arranger, Issuing Lender, and Syndication Agent, as well as taking the lead as Sustainability Coordinator and Administrative Agent. The presence of established lenders, as well as the arrival of over a dozen new banking partners, underscores a robust confidence in Invenergy's operational capabilities and business strategy. Law firms Morgan, Lewis & Bockius LLP and Steptoe LLP played crucial advisory roles for Invenergy and the lenders, respectively.

Meghan Schultz, the Executive Vice President and Chief Financial Officer at Invenergy, articulated the significance of this financial support, stating, “The upsized $2.5 billion Revolving Credit Facility reflects the confidence of the finance community in Invenergy's proven execution capabilities and business model.” This expanded financing not only offers Invenergy the flexibility to scale its operations but also aims to meet the evolving energy needs of its diverse clientele.

A Vision for the Future

Natixis Corporate & Investment Banking proudly aligns this facility with its commitment to clean energy business growth. According to Arnaud Stevens, Managing Director at Natixis, this collaboration marks an important milestone in promoting clean energy solutions and demonstrates a shared dedication to innovation in the energy sector. The initiative is part of a larger strategy that sees Natixis aiming for regional and sector leadership, particularly within the clean energy space.

Yash Anand, another Managing Director from Natixis, reinforced the notion that the refinancing and expansion of Invenergy's facility will catalyze advancements in clean power generation across the U.S. By combining strategic banking partnerships and Invenergy's visionary projects, this endeavor represents a pivotal leap towards building a sustainable energy future.

Looking Ahead

Invenergy's mission involves not only the development and operation of clean energy solutions across the Americas but also extending its services to Europe and Asia. The growth trajectory of Invenergy emphasizes its vision of achieving cleaner, more efficient energy systems that become increasingly vital as global energy demands flourish.

As part of Groupe BPCE, Natixis leverages financial strength to amend and improve its facilities, while continually driving forward initiatives that support sustainable development. The collaboration highlights core values resonating with our modern aspirations for energy that is both sustainable and innovative.

This landmark transaction signifies the synergy between financial expertise and the pivotal growth of renewable energy projects, positioning both Natixis and Invenergy at the forefront of a necessary energy transition that will define the future landscape of global energy production.