Longroad Energy: A New Wind in Renewable Energies

Longroad Energy Holdings announces a $600 million financing, marking a crucial step in the expansion of its energy portfolio.
Expansion Énergétique de Longroad

Partagez:

Longroad Energy Holdings, LLC, recently reached an important milestone with the closing of a $600 million debt financing. Indeed, this financial initiative is part of a wider strategy to accelerate the growth of its wind, solar and battery storage portfolio. In addition, credit consists of a $275 million term loan, a $175 million revolving credit facility and a $150 million letter of credit facility.

Investment and Strategic Orientation

This financing follows a $500 million equity investment in August 2022 by Infratil, the New Zealand Pension Fund and MEAG. However, this earlier step had already marked a significant strategic shift for Longroad, favoring project ownership over project sales. However, Paul Gaynor, CEO of Longroad, emphasizes the importance of this additional capital, which will propel the expansion of their operational fleet to over 9GW by 2027 and support their impressive 30GW queue of projects under development.

Investor confidence and support

The renewed confidence of investors and banking partners in Longroad’s platform and execution is clearly evident in this financing. In addition, the syndicated loan was led by Apterra infrastructure capital, an Apollo platform company, with Barclays and HSBC as joint lead arrangers.

Overview of Longroad Energy Holdings

Founded in 2016, Longroad Energy Holdings, LLC focuses on renewable energy project development, operational asset management and services. Indeed, with the development or acquisition of 4.9GW of renewable energy projects in the United States and over $12.8 billion raised in equity, debt and tax equity, Longroad has firmly established its market position. The company currently owns over 3.1GW of wind, solar and storage projects and manages a total of 5.0GW on behalf of Longroad and third parties.

Longroad’s commitment to renewable energy, backed by strategic investments and strong partnerships, is shaping a more sustainable energy future.

German energy group Badenova plans to invest $4.64 billion in its energy networks and capacity by 2050, including $232 million committed from 2025, according to the company's recently published annual financial results.
ORIX announces the sale of the majority of its stake in Greenko to AM Green Power and commits a new USD 731mn investment in the Luxembourg-based AMG holding, confirming its strategic repositioning in next-generation energy.
Invenergy seals four further contracts with Meta to supply nearly eight hundred megawatts of solar and wind power to the group’s data centres, lifting total cooperation between the two companies to one point eight gigawatts.
The US investment fund Ares Management enters Plenitude's capital by acquiring a 20% stake from Eni, valuing the Italian company at 10 billion euros and reinforcing its integrated energy strategy.
ENGIE secures a contract to reduce Airbus' industrial emissions in France, Germany, and Spain, targeting an 85% decrease by 2030 through various local energy infrastructures.
Alain Rhéaume, Chairman of Boralex’s Board of Directors for eight years, will leave his position by December, following the appointment of his successor by the governance committee of the Canadian energy group.
Norwegian group Statkraft plans an annual cost reduction of NOK2.9bn ($292 million) by 2027, citing possible job cuts amid rising financial burdens and volatility in the European energy market.
EDF merges EDF Renouvelables and its International Division into EDF power solutions, led by Béatrice Buffon, to optimise its global 31 GW low-carbon energy portfolio and strengthen its international positioning.
TotalEnergies announces a strategic partnership with Mistral AI to establish a dedicated innovation laboratory integrating artificial intelligence tools aimed at enhancing industrial efficiency, research, and customer relations.
The Energy Transitions Commission warns of economic risks tied to growing protectionism around clean technologies, while calling for global consensus on carbon pricing.
Baker Hughes has reached an agreement to sell its precision sensor product line to Crane Company for $1.15bn, thereby refocusing its operations on core competencies in industrial and energy technologies.
American conglomerate American Electric Power sold 19.9% of two transmission subsidiaries to KKR and PSP Investments, raising $2.82bn to support its five-year $54bn investment plan.
The new mapping by Startup Nation Central identifies 165 active companies in Israel’s energy technologies, amid strong private funding and growing global market interest.
The new CEO of EDF, Bernard Fontana, aims to achieve €1 billion in operational cost savings for the French energy giant by 2030, prioritizing industrial contracts and the national nuclear sector.
CMS Energy Corporation has announced a cash tender offer for debt securities totalling $125 million, issued by Consumers Energy. The offer expires on July 3, 2025, with priority given to bonds submitted before June 17, 2025.
Vermilion Energy is exiting the U.S. market permanently by selling its assets for C$120mn ($87.88mn), refocusing its operations on Canada and Europe while reducing its debt and investment budget.
In 2024, Italian energy giant Eni paid approximately €8.4 billion to various global governments. These payments, primarily concentrated in Africa and Asia, reflect its commitments in the international energy sector.
The International Energy Agency projects a record-high global energy investment in 2025, driven by electricity and low-carbon technologies despite geopolitical and economic uncertainty.
The Czech regulatory authority launches an investigation into suspected collusion involving several major actors in the awarding of a thermal power plant, putting transparency of a strategic transaction for the energy sector at stake.
The Democratic Republic of Congo is set to replace its temporary ban on cobalt hydroxide exports with quotas, aiming to balance global demand, secure revenue, and stabilize market fluctuations.