Birch Creek Closes $150m Credit Facility With KKR
Birch Creek Closes $150m Credit Facility With KKR
"We are thrilled to have strengthened our relationship with KKR through the renewal and upsize of our credit facility," said Financing proceeds will be used to support development of over 4GW of solar projects
融资收益将用于支持超过4吉瓦的太阳能项目的开发
ST. LOUIS, Oct. 31, 2024 /PRNewswire/ -- Birch Creek Energy, LLC ("Birch Creek"), a utility scale solar and storage developer and independent power producer, and KKR, a leading global investment firm, today announced that Birch Creek has closed on a $150 million credit facility within KKR's High-Grade Asset-Based Finance (ABF) strategy via insurance accounts managed by KKR. The financing extends and upsizes Birch Creek's previous $100 million facility, and it will be used to finance development expenses and equipment for solar farms in the company's development portfolio.
圣路易斯，2024年10月31日 /PRNewswire/ — 公用事业规模的太阳能和储能开发商兼独立电力生产商Birch Creek Energy, LLC（“Birch Creek”）和全球领先的投资公司KKR今天宣布，Birch Creek已通过KKR管理的保险账户完成了KKR高等级资产融资（ABF）战略中的1.5亿美元信贷额度。这笔融资扩展和扩大了Birch Creek之前的1亿美元设施，并将用于为公司开发投资组合中太阳能发电场的开发费用和设备提供资金。
Birch Creek was founded in 2019 and has been primarily focused on a distribution-level utility-scale solar and storage strategy in high-value, liquid markets such as PJM, MISO and ERCOT. The company boasts a large pipeline as well as a successful track record of late-stage asset sales and IPP growth. Birch Creek presently owns 160MW of operating projects in its independent power producer, with an additional 187MW under construction that will place in service over the last 2 months of 2024, bringing the total to 347MW.
Birch Creek成立于2019年，主要专注于PjM、MISO和ErCot等高价值、流动性市场的分销级公用事业规模的太阳能和储能战略。该公司拥有庞大的投资渠道以及后期资产销售和IPP增长的成功记录。伯奇溪目前在其独立发电商中拥有160兆瓦的运营项目，另外187兆瓦正在建设中，将在2024年最后两个月投入使用，使总量达到347兆瓦。
"We are thrilled to have strengthened our relationship with KKR through the renewal and upsize of our credit facility," said Dan Siegel, CEO of Birch Creek. "Through this facility, we are able to continue the development of solar projects in certain core markets, while also funding select equipment purchases for projects closer to construction. We are proud to work with KKR and appreciate their confidence in our platform as we continue to grow our unique, speed-to-market strategy."
Birch Creek首席执行官丹·西格尔表示：“我们很高兴通过续订和扩大信贷额度来加强与KKR的关系。”“通过该设施，我们能够继续在某些核心市场开发太阳能项目，同时还为临近施工的项目购买精选设备提供资金。我们很自豪能与KKR合作，并感谢他们在我们继续发展独特的快速上市战略时对我们平台的信心。”
"Amid increasing global demand for clean energy and storage solutions, we are pleased to provide this enhanced credit facility to Birch Creek within our High-Grade ABF strategy to further the development of its solar and storage project pipeline," said Erich Heintzen, Director at KKR.
KKR董事埃里希·海因岑表示：“在全球对清洁能源和存储解决方案的需求不断增长的情况下，我们很高兴在我们的高等级ABF战略范围内向Birch Creek提供这种增强的信贷额度，以进一步发展其太阳能和储能项目管道。”
About Birch Creek Energy
Birch Creek Energy, a utility scale solar development platform, develops, finances and owns utility scale solar and storage projects in the United States. Since 2019, Birch Creek Energy has developed 1.7 gigawatts (GW) of solar projects and has a portfolio of over 14.2 gigawatts (GW) of utility scale solar and storage projects in various stages of development and operation across MISO, PJM, ERCOT and the Southeast. Birch Creek Energy has 56 employees and is based in St. Louis, Missouri. For more information, visit .
关于伯奇溪能源
Birch Creek Energy是一家公用事业规模的太阳能开发平台，在美国开发、资助和拥有公用事业规模的太阳能和储能项目。自2019年以来，Birch Creek Energy已开发了1.7千兆瓦（GW）的太阳能项目，其公用事业规模的太阳能和储能项目组合超过14.2千兆瓦（GW），这些项目处于不同的开发和运营阶段，横跨MISO、PjM、ERCOT和东南地区。伯奇溪能源拥有56名员工，总部位于密苏里州圣路易斯。欲了解更多信息，请访问。
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. please visit KKR's website at . For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at .
关于 KKR
KKR是一家领先的全球投资公司，提供另类资产管理以及资本市场和保险解决方案。KKR旨在通过遵循耐心和纪律严明的投资方法、雇用世界一流的人才以及支持其投资组合公司和社区的增长来创造有吸引力的投资回报。KKR赞助投资于私募股权、信贷和实物资产的投资基金，并拥有管理对冲基金的战略合作伙伴。KKR的保险子公司在环球大西洋金融集团的管理下提供退休、人寿和再保险产品。提及KKR投资的内容可能包括其赞助基金和保险子公司的活动。有关 KKR & Co. 的更多信息Inc. 请访问 KKR 的网站，网址为。有关环球大西洋金融集团的更多信息，请访问环球大西洋金融集团的网站，网址为。
SOURCE Birch Creek Energy
来源伯奇溪能源
