Durham, NC, January 18, 2022 –(PR.com
)– Strata Clean Energy today announced the renewal and expansion of a $170MM credit facility with Zions Bancorporation as the Coordinating Lead Arranger and Regions Bank as the Joint Lead Arranger. This partnership with Zions, Regions and a syndicate of banks (CIT Bank, Rabobank, First Horizon Bank, National Cooperative Bank, and United Community Bank) provides Strata working capital to fund Strata’s future growth initiatives and general corporate purposes.
As a leading provider of utility-scale solar and battery energy storage, Strata has installed more than 2.6GW of clean energy over the last 10 years and currently has over 14GW in its development pipeline. The additional working capital will allow Strata to significantly grow its existing IPP through both greenfield development and asset purchases.
“Strata is excited to continue expanding this partnership which affirms our ongoing…