Catalyze, a project developer and Independent Power Producer of distributed renewable energy assets, has secured a $400 million multi-year debt facility from ATLAS SP Partners, a warehouse finance and securitized products firm majority-owned by Apollo funds
The financing is expected to support the construction and aggregation of the company’s growing portfolio of commercial and industrial, community solar, and battery storage projects across the U.S.
According to the company, the funding will help support its portfolio currently consists of 300 MWs in operations and construction, with over 1 GW of additional investment opportunities from its expanding project development pipeline.
“This facility is a critical milestone for Catalyze in our strategy to scale distributed renewable energy solutions for businesses and communities across the United States and will enable us to double in size by the end of the year, reaching 300 MW in operation. ATLAS’ deep expertise in the distributed generation sector made them an ideal partner. We look forward to building on our partnership to help meet the increasing demand for renewable energy solutions,” said Jared Haines, CEO of Catalyze.
Catalyze also owns a proprietary technology, REenergyze, an origination-to-operations software integration platform that helps accelerate and scale the adoption of commercial and industrial solar and storage.
According to Mercom’s Annual and Q4 2024 Solar Funding and M&A report, in 2024, announced debt financing came to $18.8 billion, 6% lower compared to $20 billion in 2023. Securitization deals were a key contributor, with a record $5 billion in 16 deals.
In November, Birch Creek Energy, a utility-scale solar and energy storage project developer, secured a $150 million credit facility provided by KKR’s High-Grade Asset-Based Finance strategy via insurance accounts managed by KKR. This funding will extend and upsize its previous $100 million facility.
