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
融資款項將用於支持超過4GW的太陽能項目開發
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.
2024年10月31日，聖路易斯，Birch Creek Energy, LLC（「Birch Creek」）一家大規模太陽能和儲能開發商及獨立電力生產商，以及全球領先投資公司KKR今天宣佈，Birch Creek已通過由KKR管理的保險帳戶，在KKR的高級資產融資（ABF）策略中完成了一項15000萬美元的授信額度。這項融資延長並擴大了Birch Creek之前的10000萬美元授信額度，將用於資助公司開發組合中太陽能場地的開發費用和設備。
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成立於2019年，主要專注於高價值、流動性市場，如PJm、MISO和ERCOt的分佈式大規模太陽能和儲能策略。該公司擁有龐大的管道，以及成功的後期資產銷售和IPP增長記錄。Birch Creek目前在其獨立電力生產商名下擁有160MW的運營項目，另外有187MW正在施工中，將在2024年最後的2個月投入使用，總裝機容量將達到347MW。
"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首席執行官丹·西格爾表示：「我們很高興通過續簽並擴大我們的授信額度來加強與KKR的關係。通過這項授信額度，我們能夠繼續開發在一些核心市場中的太陽能項目，同時爲靠近施工的項目選購設備提供資金。我們很自豪能與KKR合作，並感謝他們對我們平台的信心，因爲我們繼續發展我們獨特的快速上市策略。」
"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董事埃裏希·海因岑表示：「在全球對清潔能源和儲能解決方案需求不斷增加的情況下，我們很高興在我們的高級ABF策略內向Birch Creek提供這一增強的授信額度，以推動其太陽能和儲能項目管道的發展。」
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 .
關於Birch Creek能源
Birch Creek Energy是一個實用規模太陽能發展平台，開發，融資和擁有美國的實用規模太陽能和儲能項目。自2019年以來，Birch Creek Energy已開發了1.7 GW的太陽能項目，並在MISO，PJm，ERCt和東南部擁有超過14.2 GW的各種發展和運營階段的實用規模太陽能和儲能項目組合。Birch Creek能源有56名員工，總部位於密蘇里州聖路易斯市。 有關更多信息，請訪問 .
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 .
關於KKR
KKR是一家領先的全球投資公司，提供替代資產管理以及資本市場和保險解決方案。 KKR旨在通過遵循耐心和紀律的投資方法，僱用世界一流人才，並支持投資組合公司和社區的增長，實現有吸引力的投資回報。 KKR贊助投資基金，這些基金投資於私募股權、信貸和實物資產，並設有管理對沖基金的戰略合作伙伴。 KKR的保險子公司在全球大西洋金融集團的管理下提供退休、壽險和再保險產品。 關於KKR及其投資的更多信息可能包括其受資助基金和保險子公司的活動。 有關KKR＆Co. Inc.的更多信息，請訪問KKR的網站。 有關全球大西洋金融集團的更多信息，請訪問全球大西洋金融集團的網站。
SOURCE Birch Creek Energy
來源Birch Creek Energy
