Great Bay Royalties News & Media
Great Bay Renewables Provides Financing to Longroad Energy to Facilitate Tax Equity Buyout for Titan Solar
Great Bay Renewables (“Great Bay”), a leading renewable energy investment firm, today announced that it has completed an investment with Longroad Energy (“Longroad”) to finance the buyout of the tax equity investor’s residual post-flip interests in Titan Solar, a 70 MWac utility-scale solar project located in Imperial County, CA (“Titan”).
Great Bay Renewables Announces New Construction Project Investment with Apex Clean Energy
Great Bay Renewables (“Great Bay”), a leading provider of royalty financing for energy infrastructure, is pleased to announce that at end of last year it closed a $42.5 million royalty investment with Apex Clean Energy (“Apex”), related to Apex’s under-construction 202 MW Lotus Wind Project (“Lotus Wind”) in Macoupin and Morgan County, Illinois. Lotus Wind is anticipated to achieve commercial operations in Q2 of 2026.
Partnership Between NH Based Energy Solutions Developer Granite Source Power & Great Bay Renewables to Tackle Grid and Energy Needs
Granite Source Power (“GSP”) and Great Bay Renewables (“Great Bay”) are pleased to announce a new strategic partnership focused on tackling the rapidly growing demand for reliable energy and evolving needs of the power grid. Together, the companies aim to accelerate the development of battery storage and energy generation projects across key U.S. markets.
Great Bay Renewables Provides $50 Million Credit Facility to Advance Geenex’s Transition Cycle 2 Project Pipeline
Great Bay Renewables (“GBR”) today announced the closing of a $50 million interconnection financing facility for Geenex, a leading developer of utility-scale energy projects. This initial commitment of interconnection letters of credit (“LC”) will support readiness deposits for Geenex’s PJM TC2 projects, enabling the company to advance its project pipeline in PJM’s interconnection process.
Sol Systems Secures $80 Million from Great Bay Renewables to Power Its Development Pipeline
Sol Systems, an independent power producer (IPP) committed to building, owning, and operating domestic clean energy infrastructure that benefits local communities, today announced that Great Bay Renewables (GBR) has made an initial commitment of approximately $80 million in interconnection letters of credit (LCs) supporting Sol’s MISO portfolio. The revolving facility will be used to post refundable milestone deposits to MISO and, subsequently, to support readiness deposits in PJM.
Great Bay Renewables Successfully Closes First MISO Interconnection Open Season and Announces New Open Season for PJM Transition Cycle 2
Following a fully-subscribed first deployment into the MISO market, Great Bay Renewables ("Great Bay") today announced the launch of an "open season" to allocate interconnection security capacity for PJM's Transition Cycle 2.
Great Bay Renewables Announces Financing for Development Partner Hexagon Energy to Fund PJM Interconnection Deposit
Great Bay Renewables, LLC (“Great Bay”) announced today that it has entered into a follow-on transaction with its development partner, Hexagon Energy, LLC (“Hexagon”). Great Bay will provide up to $30 million to support upcoming interconnection security requirements to advance Hexagon’s 1.2GW Steward Creek project in the PJM interconnection process.
Great Bay Renewables Announces Open Season for Interconnection Security Deposit Capacity
Great Bay Renewables has announced the launch of an “open season” to allocate its available interconnection security capacity for refundable deposits in MISO and PJM. Great Bay has allocated over $100 million to this initiative and will be taking requests for the upcoming MISO M2/M3 and PJM RD2 security deposits through December 20, 2024.
Great Bay Renewables Announces $40MM Bridge Facility with Nova Clean Energy
Great Bay Renewables announced that it has entered into a follow-on transaction with its development partner, Nova Clean Energy, to provide a $40 million bridge loan.
Great Bay Renewables Announces New $30MM Financing of Distributed Solar Generation Developer
Great Bay Renewables has entered into a $30M transaction with distributed generation developer Nokomis Energy, to gain future royalties related to Nokomis’s portfolio of solar development projects.