Solterra Energy has entered into a partnership with renewable investors Leyline Renewable Capital, under which Leyline will provide US$10 million to support up to 1GW of distributed generation (DG) and utility-scale solar projects across the eastern US.
The investment will be focused on early-stage growth and development capital, with Leyline claiming that early-stage developers lack “a route to funding without the cost of losing equity in their company” and that it provides “non-dilutive financing solutions so founders keep control of their company.”
