energyRe secures $815 million for South Carolina solar

Developer energyRe has secured $815 million in financing for five utility scale solar projects totalling about 360 MW in South Carolina.

Why it matters: The closing is the developer's largest portfolio financing to date and moves it closer to a target of investing $2 billion in the state by 2030.

Data as of Mercom Capital Group, published October 16, 2026, reporting the company's financing announcement. Single sourced, hence grade C for a developing item.

energyRe, a developer of solar, wind and storage projects, has secured $815 million in financing for five utility scale solar projects totalling approximately 360 MW in South Carolina, backed by 25 year power purchase agreements. Bank of America, Canadian Imperial Bank of Commerce and Santander supported the financing, with Santander also acting as the company’s financial advisor.

The company called the portfolio financing its largest to date. It has broken ground on about 450 MW of projects over the past year and holds a solar portfolio above 1.8 GW across South Carolina, North Carolina, Nebraska and Oklahoma.

energyRe secures $815 million for South Carolina solar

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