Bridge Renewable Energy (BRE), a subsidiary of Bridge Investment Group Holdings LLC and a leading developer of distributed generation solar and energy storage projects, has closed an $85 million financing deal to expand its clean energy portfolio across the United States.
The funding package includes an $80 million delayed draw term loan and a $5 million revolving credit facility, arranged by Investec Bank PLC as the sole lead arranger, with additional commitments from Amalgamated Bank and Farmer Mac. The facility, designed as a construction-to-term loan, also features preferred equity bridge and tax credit bridge loan capacities to enhance project financing flexibility.
The capital will support the development, construction, and operation of a 40 MW portfolio encompassing 42 community solar and commercial-industrial (C&I) solar and energy storage projects across nine U.S. states — Arizona, California, Georgia, Illinois, Maryland, Maine, Minnesota, Nebraska, and Texas.
“This transaction reflects the dedication and creativity of the BRE team and our partners,” said Adam Haughton, Chief Investment Officer of Bridge Renewable Energy. “Distributed solar and energy storage have been constrained by access to efficient capital. This financing exemplifies the kind of innovative capital needed to accelerate distributed energy deployment in the U.S.”
Investec’s Co-Head of Energy & Infrastructure Finance, Fred Petit, highlighted the firm’s commitment to advancing clean energy: “This transaction showcases our ability to deliver creative, scalable capital solutions that foster the growth of distributed renewable energy and support the transition to cleaner, more resilient energy systems.”
The financing is backed by Energetic Capital’s EneRate Credit Cover® policy, which helps mitigate offtaker credit risk for renewable energy investors and lenders. Vincent LePore, Director at Energetic Capital, emphasized that such innovative risk solutions are key to unlocking new opportunities in distributed generation.
Legal counsel for the transaction included Foley & Lardner representing BRE and Wilkie Farr & Gallagher advising Investec.
With this deal, BRE continues to expand its footprint in the distributed energy space, reinforcing the growing investor confidence in community-scale solar and storage solutions as central pillars of America’s clean energy transition.
