By Mary-Katherine Stinson
Lexington, Ky., July 26 – WattBridge Energy closed on a HoldCo financing of $265 million in secured notes led by EIG, according to a press release.
Fiera Infrastructure Private Debt (Fiera) and affiliates were also investors in the notes.
This latest financing brings capital investments in WattBridge to over $1.5 billion in 30 months.
Proceeds will be used to support the development of an additional 480 megawatts for the Texas grid. Upon completion, this will increase WattBridge capabilities in Ercot to 2,304 megawatts.
The company’s planned goal is 4 gigawatt of power generation in Ercot by 2025.
WattBridge Energy is a Houston, Tex.-based global independent power producer.
| Issuer: | WattBridge Energy
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| Amount: | $265 million
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| Issue: | Secured notes
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| Investors: | EIG, Fiera Infrastructure Private Debt
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| Announcement date: | July 26
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| Distribution: | Private placement
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