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US renewables developer EnergyRe has reached financial close on a solar PV portfolio in South Carolina.
The company closed approximately US$370 million in construction and term financing, led by international banks Santander, Bank of America, Natixis and Societe Generale. The company did not disclose the capacity or project makeup of the portfolio when contacted by PV Tech.
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Ryan Brown, chief operating officer of EnergyRe, said: “These projects represent the scale, innovation and collaboration that define EnergyRe’s approach to reimagining America’s energy future.”
The company closed a US$240 million deal last year to finance the 108MWdc/198MWh Lone Star solar-plus-storage project in South Carolina, which it says is one of the largest solar-plus-storage projects in the Southeastern US.
In May, it inked a renewable energy certificate (REC) purchase deal with Google in South Carolina. The deal will see the tech and data giant purchase RECs from a 600MW solar PV and energy storage project portfolio in the state to offset power used at its data centres at its Berkeley County Campus.
Fellow Silicon Valley giant, Meta, has also signed offtake agreements for solar projects to power its data centres in South Carolina. In August, US-based developer Silicon Ranch and utility Central Electric Power Cooperative announced plans to build a 100MW solar project to provide RECs to Meta for its data centre in Aiken, South Carolina.
Back in 2023, EnergyRe secured a US$1.2 billion deal to support the building of both solar-plus-storage and transmission infrastructure in the US.
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.
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US renewables developer EnergyRe has reached financial close on a solar PV portfolio in South Carolina.
The company closed approximately US$370 million in construction and term financing, led by international banks Santander, Bank of America, Natixis and Societe Generale. The company did not disclose the capacity or project makeup of the portfolio when contacted by PV Tech.
This article requires Premium SubscriptionBasic (FREE) Subscription
Already a subscriber? Sign In
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or continue reading this article for free
Ryan Brown, chief operating officer of EnergyRe, said: “These projects represent the scale, innovation and collaboration that define EnergyRe’s approach to reimagining America’s energy future.”
The company closed a US$240 million deal last year to finance the 108MWdc/198MWh Lone Star solar-plus-storage project in South Carolina, which it says is one of the largest solar-plus-storage projects in the Southeastern US.
In May, it inked a renewable energy certificate (REC) purchase deal with Google in South Carolina. The deal will see the tech and data giant purchase RECs from a 600MW solar PV and energy storage project portfolio in the state to offset power used at its data centres at its Berkeley County Campus.
Fellow Silicon Valley giant, Meta, has also signed offtake agreements for solar projects to power its data centres in South Carolina. In August, US-based developer Silicon Ranch and utility Central Electric Power Cooperative announced plans to build a 100MW solar project to provide RECs to Meta for its data centre in Aiken, South Carolina.
Back in 2023, EnergyRe secured a US$1.2 billion deal to support the building of both solar-plus-storage and transmission infrastructure in the US.
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.
Read Next
Acen Australia has achieved full commercial operation at its 400MW Stubbo Solar project in New South Wales, making it the first solar PV power plant backed by a Long-Term Energy Service Agreement (LTESA) to reach this milestone.
The Australia government will require energy retailers to provide free solar electricity to households during peak daytime generation periods.
IPP ContourGlobal has closed its first renewable energy project financing in the US, as it continues to expand its presence in the country.
Dr KT Tan, CTO at Viridian Solar, chronicles how the expansion of solar raises questions about supply chain transparency and ethical sourcing.
Solar Media Market Research looks into the the Section 232 ruling in the US, tackling the questions that need to be understood.
US independent power producer (IPP) Treaty Oak Clean Energy has signed two environmental attribute purchase agreements (EAPA) with social media and data giant Meta.
