JACKSONVILLE, Fla., July 20, 2021 /PRNewswire/ — Palladium Power, LLC (“Palladium”), a developer and investor of vitality infrastructure tasks throughout the U.S., introduced as we speak it has secured extra capital from Treehouse Growth Finance, LLC (“TDF”) by way of its three way partnership with Oak Savanna Photo voltaic Buyers LLC (“Oak Savanna”). The funds will probably be used to broaden on present market alternatives and to originate, purchase, and develop roughly 500 megawatts of utility-scale photo voltaic and photo voltaic + storage tasks throughout the US.
Palladium is differentiated by its deep expertise originating, creating, and financing vitality tasks throughout a number of applied sciences and markets. Palladium’s core workforce collectively has greater than 48 years of expertise in energy technology, together with renewable and standard sources, and has developed and financed tasks totaling 6.9 gigawatts and $2.8 billion, respectively.
“This extra capital elevate is a testomony to not solely the partnership between Palladium and Oak Savanna but additionally to the significance of photo voltaic and photo voltaic + storage tasks to the vitality transition. We’re thrilled to be working with TDF to amass and develop a portfolio of utility-scale renewable vitality tasks,” says Danny Weidlich, Managing Associate at Palladium.
“The TDF workforce brings perspective from their a few years as renewable vitality buyers in addition to photo voltaic improvement experience from their present portfolio of investments, each of which improve the three way partnership between Palladium and Oak Savanna,” says Todd Mehall, President of Oak Savanna.
“We’re very excited to work with Palladium and Oak Savanna. They’re an necessary addition to our early-stage renewable vitality improvement finance platform,” mentioned Raoul G Slavin Juliá, Managing Director at TDF.
“Each Palladium and Oak Savanna have broad expertise within the renewable vitality sector, from working to financing. We sit up for supporting their present and future enterprise targets as they develop resilient, renewable vitality tasks within the japanese United States,” mentioned John Brown, Chief Growth Officer at TDF.
About Palladium Power
Palladium Power is dedicated to offering clear and sustainable vitality throughout the nation for a brighter future by way of the origination, improvement, and financing of renewable vitality tasks. The principals of Palladium Power have an in depth observe document of efficiently creating, financing, establishing, and working vitality tasks throughout markets (each within the U.S. and internationally) and expertise varieties (photo voltaic, wind, fuel, biomass). Palladium Power was fashioned in 2019 and relies in Jacksonville, FL.
About Oak Savanna Photo voltaic Buyers
Oak Savanna Photo voltaic Buyers LLC is a subsidiary of Oak Savanna LLC, an impartial sponsor throughout industries with in depth vitality and energy expertise. Oak Savanna brings company technique in addition to monetary experience and sources to its investments and focuses on partnering with skilled administration groups. Oak Savanna has sourced greater than $100 million of debt and fairness for its firms since 2017.
About Treehouse Growth Finance
Treehouse Growth Finance, LLC and its mortgage funds (referred to collectively as “TDF”) supply financing to builders for early-stage renewable vitality tasks all through North America. Based in 2020, TDF is a Minneapolis-based subsidiary of Treehouse Investments, LLC, a boutique decentralized-infrastructure funding agency devoted to addressing local weather change.
For extra info, please go to www.treehousedevfinance.com.
SOURCE Palladium Power, LLC