Leyline Renewable Capital Secures $140 Million to Boost Renewable Energy Project Development Across North America
Leyline Renewable Capital, a leading provider of debt capital solutions for renewable energy developers, has secured a total of $140 million in capital from Keystone National Group and a large public university foundation. This funding will be used to expand Leyline’s support of an actionable pipeline of renewable energy projects sourced from the company’s select network of experienced developers in North America.
Since its inception, Leyline has deployed more than $340 million in financing solutions to advance more than 15 GW of renewable energy projects. The company’s proven strategy is to fund both mid and late-stage project development portfolios, supporting grid interconnection deposits and equipment down payments. This latest funding will catalyze Leyline’s growth strategy focused on providing private lending opportunities for developers at a speed and scale generally unavailable through traditional channels.
John Earl, Co-Founder and Managing Partner of Keystone, commented on the investment, “We are proud to be increasing our funding to Leyline. The Leyline team has earned the trust of their extensive network of developers and investment partners. The team’s deep understanding of project-level risk enables them to execute deals efficiently and at scale.”
Leyline’s team, comprised of former developers, navigates policy and market nuances to support the best infrastructure projects and maximize returns for its investment partners. Erik Lensch, CEO of Leyline, emphasized the importance of this funding, “Our development partners are accelerating their build plans for 2025 in light of soaring demand for new generation in key markets and increased capital needs, as well as potential policy shifts. This renewed support from Keystone and a large public university foundation enables us to advance the strongest renewable energy projects into construction as soon as possible and reflects a major validation of our success in supporting value-aligned projects with strong risk-adjusted returns.”
Leyline’s approach to financing renewable energy projects is centered on providing flexible solutions that help developers scale their operations efficiently and bring more renewable energy online. The company predominantly invests in the pre-construction phase of projects, leveraging its deep industry expertise and commitment to sustainability.
The partnership between Leyline and Keystone National Group is significant, as Keystone has been an active and creative capital provider to thriving companies nationwide for nearly two decades. Keystone’s focus on asset-centric lending and equipment finance across various industries and asset types aligns well with Leyline’s mission to support renewable energy developers.
This funding announcement follows Leyline’s recent investment in Golden State Clean Energy, where the company provided $28 million in financing to support the development of more than 1.9 GW of solar and energy storage projects in California. Leyline’s investment in Golden State Clean Energy reflects its commitment to providing strategic capital that enables developers to overcome financial barriers and accelerate the deployment of clean energy projects.
Leyline’s growth strategy is focused on expanding its support of renewable energy projects across North America, leveraging its extensive network of developers and investment partners. The company’s ability to execute deals efficiently and at scale, combined with its deep understanding of project-level risk, positions it as a key financial partner in the renewable energy sector.
With this new funding, Leyline is poised to continue its role in advancing the clean energy transition through innovative structuring and strategic capital solutions. The company’s dedication to sustainability and its commitment to supporting value-aligned projects with strong risk-adjusted returns make it a critical player in the renewable energy industry.