Renewa, a key land and infrastructure investor, completes a successful sale-leaseback deal with Leeward Renewable Energy (LRE) for the White Wing Ranch Solar project in Arizona. The agreement supports LRE's project growth while ensuring long-term site control, aligning with Renewa's mission to propel the renewable energy transition in the US by partnering with developers and providing essential capital.
Renewa, a prominent player in land and infrastructure investment, has recently finalized a significant sale lease-back (SLB) transaction with Leeward Renewable Energy (LRE) for the White Wing Ranch Solar project situated in Maricopa County, Arizona. This partnership not only bolsters LRE's project pipeline but also secures extended site control vital for the project's construction and operation.
Gage Mooring, Renewa's Co-Founder and Co-CEO, emphasized the strategic significance of the LRE transaction, highlighting Renewa's commitment amid the evolving capital market landscape. Despite market constraints, Renewa remains steadfast in its dedication to collaborating with developers, providing essential capital, and enhancing project values.
The White Wing Ranch Solar collaboration represents Renewa's broader commitment to accelerating the nation's transition to renewable energy. Stephen Lee, Renewa's Co-Founder and Co-CEO, reiterated their mission to acquire land and finance renewable energy initiatives. Renewa actively evaluates and supports various facets of the energy transition, spanning solar projects, transmission lines, and battery storage.
With a presence in over 30 gigawatts (GW) of renewable projects across 26 states, Renewa's portfolio spans more than 30,000 acres of both rural and urban land. The company boasts a portfolio comprising over 150 projects managed by more than 50 esteemed partners in the renewable energy landscape.
Renewa stands as a leading force in renewable energy land financing, offering crucial financing solutions to landowners and renewable energy project developers. Backed by QIC, Renewa channels long-term capital to fuel renewable energy projects in collaboration with local partners and landowners.
Renewa's recent collaboration with Leeward Renewable Energy marks another significant stride in facilitating renewable energy initiatives. This partnership not only exemplifies Renewa's commitment to supporting renewable energy projects but also underscores its pivotal role as a catalyst in accelerating the US transition toward sustainable energy sources.