US photo voltaic developer ClearPath Vitality has secured funding from Canadian infrastructure investor Brookfield Asset Administration (TSE:BAM.PF.F) to develop its present 2-GW renewable power pipeline.
The corporate final week introduced the closing of a lending facility with a direct lending infrastructure fund managed by the Canadian agency. The monetary particulars remained undisclosed.
The funds will even be used to hurry up the progress on late-stage improvement property within the home market into building and operations.
Arrange in 2017, Boston and New York-based ClearPath is a developer centered on photo voltaic, storage and EV charging throughout the US. The corporate has up to now powered 7,360 properties within the state of New York.
“We are pleased to finance ClearPath’s portfolio underpinned by supportive Community Solar regimes and long-term offtake arrangements,” said Hadley Peer Marshall, co-head of Brookfield’s infrastructure debt business.
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