The financing is aimed at the acceleration of Encore’s growth as an independent power producer (IPP) with the construction of a portfolio of community-scale solar and battery energy storage projects.
It will support further expansion and advancement of the company’s development pipeline.
“This is a transformational moment for Encore as we enter the next phase of our strategic transition into an IPP” said Blake Sturcke, co-CEO of Encore Renewable Energy. “With this funding, we are now poised to meet the rapidly growing energy demand across numerous US markets with clean, reliable, and cost-efficient power generation and storage solutions.”
Vinson & Elkins LLP served as legal counsel to Encore Renewable Energy and Norton Rose Fulbright LLP served as legal counsel for Brookfield Asset Management.
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