Catalyze, a fully integrated developer and Independent Power Producer (IPP) of distributed renewable energy assets, announced it has secured a $400 million multiyear debt facility from ATLAS SP Partners, the warehouse finance and securitized products business majority owned by Apollo funds.
This financing will support the construction and aggregation of Catalyze’s growing portfolio of commercial and industrial, community solar, and battery storage projects across the US.
This facility was designed to give Catalyze flexibility in its growth plans while streamlining financing for future projects. ATLAS’ financing will help support Catalyze’s growing project portfolio, currently consisting of 300 MWs in operations and construction and 1 GW+ of additional investment opportunity from its growing project development pipeline.
Catalyze’s private equity sponsors, EnCap Investments and Actis, continue to support the company’s growth strategy as it scales its renewable energy offerings.
KEY QUOTES:
“This facility is a critical milestone for Catalyze in our strategy to scale distributed renewable energy solutions for businesses and communities across the United States and will enable us to double in size by the end of the year, reaching 300MW in operation. ATLAS’ deep expertise in the distributed generation sector made them an ideal partner. We look forward to building on our partnership to help meet the increasing demand for renewable energy solutions.”
- Jared Haines, CEO of Catalyze
“At ATLAS, we are proud to support Catalyze as they continue to lead in distributed energy project development. With our extensive experience in solar asset-backed financings, we were able to provide Catalyze with added flexibility that will help them execute on their expansion goals.”
- Can Baysan, Managing Director at ATLAS
