Insider Brief
- Catalyze has secured a $400 million multiyear debt facility from ATLAS SP Partners, backed by Apollo funds, to finance its expansion in distributed renewable energy.
- The funding will support the construction and aggregation of Catalyze’s portfolio, which includes commercial and industrial, community solar, and battery storage projects across the United States.
- With 300 MW currently in operations and construction, Catalyze aims to double its operational capacity by the end of the year, leveraging this flexible financing structure to streamline future project investments.
PRESS RELEASE – Catalyze, a fully integrated developer and Independent Power Producer (IPP) of distributed renewable energy assets, has announced it has secured a $400 million multiyear debt facility from ATLAS SP Partners (“ATLAS”), the warehouse finance and securitized products business majority owned by Apollo funds. The financing will support the construction and aggregation of Catalyze’s growing portfolio of commercial and industrial, community solar, and battery storage projects across the United States.
The facility is designed to provide Catalyze with flexibility in its growth plans while streamlining financing for future projects. ATLAS’ financing will help support Catalyze’s growing project portfolio, currently consisting of 300 MWs in operations and construction with 1 GW+ of additional investment opportunity from its growing project development pipeline.
“This facility is a critical milestone for Catalyze in our strategy to scale distributed renewable energy solutions for businesses and communities across the United States and will enable us to double in size by the end of the year, reaching 300MW in operation,” said Jared Haines, CEO of Catalyze. “ATLAS’ deep expertise in the distributed generation sector made them an ideal partner. We look forward to building on our partnership to help meet the increasing demand for renewable energy solutions.”
“At ATLAS, we are proud to support Catalyze as they continue to lead in distributed energy project development,” said Can Baysan, Managing Director at ATLAS. “With our extensive experience in solar asset-backed financings, we were able to provide Catalyze with added flexibility that will help them execute on their expansion goals.”
Catalyze’s private equity sponsors, EnCap Investments and Actis, continue to support the company’s growth strategy as it scales its renewable energy offerings.
