Land and infrastructure investor Renewa has closed a sale leaseback (SLB) transaction with Leeward Renewable Energy (LRE) for the 168MW White Wing Ranch Solar project in Maricopa County, Arizona. This strategic deal supports the ongoing expansion of LRE's project pipeline while allowing the company to retain long-term site control for the construction and operation of the solar project.
Renewa's co-Founder and co-chief executive, Gage Mooring, highlighted the significance of the transaction, emphasizing Renewa's commitment to partnering with developers and providing essential capital despite challenges in tightening capital markets. The White Wing Ranch Solar partnership with LRE is part of Renewa's broader mission to accelerate the renewable energy transition in the United States by serving as a capital and land partner to renewable developers, owners, and operators.
Renewa currently has a presence in over 30GW of renewable projects nationwide, spanning more than 30,000 acres of rural and urban land across 26 states. The company's extensive portfolio includes over 150 projects operated by more than 50 top-tier partners. This latest SLB transaction with Leeward Renewable Energy contributes to Renewa's ongoing efforts to facilitate the growth of renewable energy projects in the United States.
