Palladium Energy Secures Additional Capital Commitment to Accelerate Growth
JACKSONVILLE, Florida, July 20, 2021 / PRNewswire / – Palladium Energy, LLC (“Palladium”), a developer and investor of energy infrastructure projects in the United States, today announced that it has secured additional capital from Treehouse Development Finance, LLC (“TDF”) through its joint venture with Oak Savanna Solar Investors LLC (“Oak Savanna”). The funds will be used to expand current market opportunities and to create, acquire and develop approximately 500 megawatts of utility scale solar and solar + storage projects across United States.
Palladium stands out for its extensive experience in the creation, development and financing of energy projects in multiple technologies and markets. Palladium‘s core team collectively have over 48 years of experience in power generation, including renewable and conventional resources, and has developed and funded projects totaling 6.9 gigawatts and $ 2.8 billion, respectively.
“This additional capital increase testifies not only to the partnership between Palladium and Oak Savanna but also to the importance of solar and solar + storage projects in the energy transition. We are delighted to be working with TDF to acquire and develop a portfolio of utility-scale renewable energy projects, ”says Danny weidlich, Managing Partner at Palladium.
“The TDF team brings the perspective of their many years as renewable energy investors as well as solar development expertise to their current portfolio of investments, both of which enhance the joint venture between Palladium and Oak. Savanna, ”said Todd mehall, president of Oak Savanna.
“We are very happy to work with Palladium and Oak Savanna. They are an important addition to our early stage renewable energy development funding platform, ”said Raoul G Slavin Juliá, Managing Director of TDF.
“Palladium and Oak Savanna have extensive experience in the renewable energy industry, from operations to finance. We look forward to supporting their current and future business goals as they develop resilient renewable energy projects in the East. United States,” mentionned John brown, Director of Development at TDF.
About Palladium Energy
Palladium Energy is committed to providing clean, sustainable energy across the country for a better future through the creation, development and funding of renewable energy projects. The leaders of Palladium Energy have a long experience in the development, financing, construction and operation of energy projects in markets (in the United States and abroad) and types of technologies (solar, wind, gas , biomass). Palladium Energy was established in 2019 and is based in Jacksonville, Florida.
To learn more about Palladium Energy, visit www.Pd46energy.com or send an email [email protected].
About Oak Savanna Solar Investors
Oak Savanna Solar Investors LLC is a subsidiary of Oak Savanna LLC, an independent all-industry sponsor with extensive experience in energy and electricity. Oak Savanna brings business strategy as well as expertise and financial resources to its investments and focuses on partnering with experienced management teams. Oak Savanna got over $ 100 million debt and equity capital of its companies since 2017.
About Treehouse Development Finance
Treehouse Development Finance, LLC and its loan funds (collectively referred to as “TDF”) provide developer financing for early stage renewable energy projects throughout. North America. Created in 2020, TDF is a Minneapolissubsidiary of Treehouse Investments, LLC, an investment company specializing in decentralized infrastructure dedicated to the fight against climate change.
For more information, please visit www.treehousedevfinance.com.
SOURCE Palladium Energy, LLC