Aspen Power, a NYC-based provider of a distributed generation platform, has completed three financings totaling $241M with J.P. Morgan, Lombard Odier, and Mitsubishi UFJ Financial Group, Inc. (MUFG).
The expanded credit facilities with J.P. Morgan and Lombard Odier, as well as a new construction-to-term facility with MUFG, are expected to promote Aspen Power’s continued strategic growth and support the construction of new solar energy projects.
The $124M construction-to-term facility with MUFG will directly support the construction of new solar assets across multiple states and revenue structures.
Led by Jorge Vargas, Chief Executive Officer, Aspen Power is a distributed energy generation platform with the dual mission of accelerating and democratizing decarbonization. It partners with businesses, communities, and others in the industry to develop, construct, own and operate renewable energy assets.
To date, the company has developed or acquired more than 600 renewable energy projects across 26 states in its pursuit to build a sustainable energy future.
A hearty congratulations to Aspen Power on securing a remarkable $241M in financing! This substantial achievement is a demonstration to the strength of your vision and the confidence that financial backers have in your endeavors. Wishing you continued success as you utilize this financing to drive forward your mission. Here’s to the next chapter of growth, innovation, and impactful accomplishments! #AspenPower #FinancingSuccess #InnovationJourney
~ Dr Shishir said Gupta founder & CEO of StartupLanes
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