Leyline Renewable Capital Raises $150M to Support Early-Stage Solar and Biogas

By [email protected] Leyline Renewable Capital has raised $150 million from private equity firm Newlight Partners to finance early-stage solar projects and anaerobic digesters backed by other developers.

The Durham, North Carolina-based outfit wants to help developers that have multiple projects in the works but could benefit from additional working capital. Smaller, often-bootstrapped developers can struggle to meet interconnection payments or post security deposits that lock up millions of dollars. Leyline will lend capital to meet those obligations, taking a small equity stake as part of the deal.

This preconstruction phase carries higher risks than later-stage development, but Leyline CEO and founder Erik Lensch homed

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