Leyline Renewable Capital will provide a $28-million financing package to Golden State Clean Energy LLC (GSCE) to advance its pipeline of over 1.9 GW of solar and energy storage projects in California.
The financing, which includes various types of capital, will support projects at different stages of development, particularly those in mid-to-late stages.
Leyline noted that the funding will ensure GSCE has the resources necessary to execute its infrastructure projects. Eric Rubinstein, Chief Commercial Officer at Leyline, highlighted the tailored approach of the financing, stating, “Leyline was able to offer two costs of capital that reflect different risk profiles in the development stage of these assets and allows the developer to be more efficient in their capital structuring.”
This deal follows Leyline's earlier financing agreement in July, when the North Carolina-based firm provided $22.5 million to Grid Connected Infrastructure LLC to develop over 1 GW of standalone battery projects across the U.S.
