ClearPath Energy, an energy transition platform and renewable energy developer, owner and operator, has closed on a facility with a direct lending infrastructure fund managed by Brookfield Asset Management.
The capital will allow ClearPath to expand its existing 2 GW pipeline further while accelerating the progression of late-stage development assets into construction and operations. Proceeds will support the construction and operations of ClearPath’s North American renewable energy portfolio.
Allen & Overy LLP served as legal counsel to ClearPath, and Shearman Sterling LLP served as legal counsel to Brookfield.
“This financing enables us to seamlessly transition our late-stage development assets into construction and then into operation. We’re also looking forward to scaling our multi-sector development tools while expanding our geographic footprint,” says David Khasidy, co-founder and executive chairman of ClearPath.