News
12 December 2024

Convergent Energy closes initial funding of project programme

In:
Power, Renewables
Region:
Americas

Convergent Energy and Power has closed a construction-to-term loan, tax equity bridge loan, and letter of credit facility with MUFG.The funding will provide capital for Convergent to accelerate construction of its distributed energy storage and solar PV portfolio across North America. The initial...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Perspective
11 May 2026

Creative offtakes to drive Europe's BESS boom

A combination of cheaper input costs, a benevolent policy environment and plentiful equity is driving a surge in battery storage financings in Europe. But sponsors have had to...

Perspective
15 May 2026

Jabiru-1: Sky high disputes for satellite project finance

The financial fallout from NewSat's failed Jabiru-1 satellite project financing could be stratospheric. Investors are claiming $1 billion or more in damages from banks in an...