Treaty Oak Clean Energy, LLC, an independent power producer based in Austin, Texas, has closed a $300 million senior secured corporate credit facility to support the continued development of its 17.3-gigawatt pipeline of utility-scale solar, wind, and battery energy storage system (BESS) projects across major U.S. power markets. 

Proceeds from the facility will be used to fund interconnection and offtake letters of credit, equipment procurement, and general corporate initiatives tied to Treaty Oak’s strategic expansion. The pipeline includes 485 MW of projects with executed offtake agreements or under exclusivity, and an additional 1+ GW currently under negotiation. 

“This facility strategically positions us to accelerate our buildout of important renewable projects in the U.S. and opportunistically approach a market that is experiencing significant regulatory change,” said Chris Elrod, CEO of Treaty Oak Clean Energy. 

The company began construction of the 100 MW Redfield Solar Project in Arkansas in 2024 and is set to break ground on 385 MW of solar in Louisiana in 2025. 

The financing was led by ING Capital LLC, Nomura Corporate Funding Americas, LLC, and Sumitomo Mitsui Banking Corporation, who acted as coordinating lead arrangers. ING served as green loan agent, and Nomura acted as administrative agent. PEI Global Partners served as exclusive financial advisor to Treaty Oak, with Latham & Watkins LLP as borrower’s counsel and Norton Rose Fulbright US LLP as counsel to the lenders.