Longroad Energy

Overview

Deal Type Mergers & Acquisitions
Client & Transactional Partners Longroad Energy
EDP Renewables NA Distributed Generation LLC
Our Role Exclusive Sell-Side Advisor

Summary

KeyBanc Capital Markets (KBCM) served as Exclusive Sell-Side Advisor to Longroad Energy (Longroad) on its divestiture of a 143 MW portfolio of operating solar projects to EDP Renewables NA Distributed Generation LLC. The portfolio consists of 386 behind-the-meter projects located across 14 U.S. states and Puerto Rico. The portfolio sells energy to a diverse group of commercial and industrial, municipal and utility customers.

Founded in 2016, Longroad Energy is focused on wind, solar, and energy storage project development and operation. Today, Longroad owns 1.6 GW of renewable energy projects across the United States and manages a total of 3.4 GW of wind and solar projects on behalf of Longroad and third parties.

EDP Renewables NA Distributed Generation is a wholly owned subsidiary of EDP Renewables North America, which owns and operates more than 8.2 GW of wind and solar projects across the U.S., Canada and Mexico. With more than 500 projects across 16 states, the company is one of the largest owners and operators of distributed generation assets in the U.S.

Recent Deals

January 2023

a portfolio company of

has been acquired by

Exclusive Sell-Side Advisor

hasa-inc
December 2022

has sold a 143 MW portfolio of distributed C&I solar assets to

 

Exclusive Sell-Side Advisor

longroad-energy-edp
December 2022

Poseidon

$600 Million

Senior Secured Credit Facilities

Coordinating Lead Arranger
Administrative Agent

sunrun-poseidon
December 2022

a portfolio company of

has been acquired by

 

$1 Billion

Sell-Side Advisor

scout-clean-energy
December 2022

amplify energy 

$1 Billion

Senior Secured Credit Facility

Administrative Agent

amplify-energy-corp
December 2022

Woodcreek

$32.16 Million

Acquisition

woodcreek
December 2022

 

Casa Del Mar

$53.24 Million

Refinance

casa-del-mar
November 2022

 

$700 Million

Senior Secured Credit Facilities

Left Lead Arranger
Joint Bookrunner
Administrative Agent

sterling-infosystems-inc
November 2022

Terra 

$1 Billion

Senior Secured Credit Facility

Joint Lead Arranger
Co-Syndication Agent

terra-energy-partners-llc
November 2022

 

$43.3MM

CDLI Loan and LIHTC

river-oaks
November 2022

 

$100 million

Senior Secured Credit Facility

Lead Arranger
Bookrunner
Administrative Agent

seneca-gaming-corporation
November 2022

has divested of a 14.2 MW community solar portfolio in Illinois to

Sell-Side Advisor

cenergy-power

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