Renewa has efficiently closed a sale lease-back transaction with Leeward Renewable Power (LRE) for the White Wing Ranch Photo voltaic challenge in Maricopa County, Ariz.
This deal helps the continued development of LRE’s challenge pipeline, whereas permitting the corporate to take care of long-term website management for the challenge’s development and operation.
“The LRE transaction is simply one of many a number of sale-leasebacks we’ve closed on up to now yr,” says Gage Mooring, Renewa co-Founder and co-CEO. “Regardless of capital markets tightening, Renewa stays decided to proceed partnering with builders and offering vital capital to assist transfer initiatives and add worth.”
“We have now a mission to accumulate land and assist finance the transition to renewable power,” provides Stephen Lee, Renewa co-Founder and co-CEO. “We’re persevering with to actively underwrite offers on land below each piece of the power transition, from photo voltaic initiatives to transmission traces to battery storage.”
Renewa has greater than 30 GW of renewable initiatives throughout 26 U.S. states.
