Scout Clean Energy closes $250 million revolving credit facility

By Marisa Wong

Los Angeles, March 17 – Scout Clean Energy announced it closed a $250 million revolving corporate credit facility to fund pre-construction development and equipment expenses, PPA security requirements and other corporate expenses for its growing pipeline of wind, solar and storage projects.

KeyBanc Capital Markets is acting as mandated lead arranger.

The facility offers an accordion feature.

“With this new credit facility, we plan to aggressively push Scout’s growth pipeline in wind, solar and battery storage encompassing over 12,000 megawatts of planned renewable energy build across 21 states,” Michael Rucker, founder and chief executive officer of Scout, said in a press release.

Scout Clean Energy is a renewable energy developer, owner and operator based in Boulder, Colo. Scout is a portfolio company of Quinbrook Infrastructure Partners.

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