Fundamental Renewables gets $400 million facility via Delaware Life

By Marisa Wong

Los Angeles, Sept. 15 – Fundamental Renewables announced it has secured a $400 million credit facility.

Delaware Life Insurance Co. acted as the arranger and a lead lender. Other lenders include CDPQ American Fixed Income V Inc. and East West Bank.

The facility provides the company with additional resources to support long-term growth and build on the momentum across the business as it continues to invest in premier renewable and clean energy assets and provide flexible financing solutions to leading clean energy developers, according to a press release.

Fundamental Renewables is the renewable and clean energy investment arm of Fundamental Advisors and a provider of debt financing for renewable energy projects. Fundamental is a New York-based alternative asset manager.

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