Leyline Renewable Capital, a provider of pre-construction capital for renewable energy development, has entered into a financing agreement with New England Solar Garden (NESG), a New Hampshire-based solar developer.
Leyline will provide capital in the development phase to support NESG's growing business across the Northeast and enable the development of more than 30 solar projects that will enable approximately 2.7 million kWh per year.
“At Leyline we love developers who are dedicated to specific markets – and that's why we invest in the NESG team,” says Erik Lensch, CEO of Leyline. “Our partnership has allowed the Leyline team to think outside the box and develop a creative approach that meets NESG's requirements. We also learned how Leyline can be most valuable as NESG's business continues to grow. “
With 10 years of experience in the solar industry, NESG has currently built more than 200MW in development for various owner groups and more than 25MW. As Leyline closes the year and starts new projects in 2021, solar projects will continue to be a priority industry for the company. The recently announced project is part of a number of milestones for the Leyline team, including recent projects of more than 4 GW in renewable energy.