Leyline Renewable Capital has provided a loan to Californian renewable energy developer RAI Energy for the development of utility-scale solar and solar-plus-storage projects.
The finance will be used to develop projects in the Western Electricity Coordinating Council (WECC) market over the next four years. The WECC region extends from Canada to Mexico and includes the provinces of Alberta and British Columbia, the northern portion of Baja California, Mexico, and all or portions of the 14 Western states between.
Leyline was advised on this transaction by an advisory team from Holland & Knight led by Lara Rios. RAI Energy was advised by an advisory team from Orrick led by Thomas Glascock. Bill Chamberlin at KeyBanc Capital Markets served as the financial advisor for RAI Energy on this transaction.