ClearPath energyenergy transition platform and renewable energy developer, owner and operator, has closed a facility with a direct lending infrastructure fund managed by Brookfield Asset Management.
The capital will allow ClearPath to further expand its existing 2 GW pipeline while accelerating the progress of late-stage developments into construction and operations. The proceeds support the construction and operation of ClearPath’s North American renewable energy portfolio.
Allen & Overy LLP acted as legal advisor to ClearPath and Shearman Sterling LLP acted as legal advisor to Brookfield.
“With the help of this funding, we can seamlessly move later-stage development sites to construction and then use. We also look forward to expanding our cross-functional development tools while expanding our geographic footprint,” said David Khasidy, ClearPath co-founder and CEO.