First Citizens Bank provided a $60 million credit facility to Triple Oak Power to support the development of renewable energy projects, particularly in onshore wind.

Information on the Target

Triple Oak Power is a renewable energy developer based in the United States, emphasizing the creation of sustainable energy plants. Founded in 2020, the company boasts an extensive project pipeline of 8 gigawatts, encompassing utility-scale onshore wind and hybrid energy initiatives across 15 states. With leadership and team members possessing decades of experience in energy development and power markets, Triple Oak Power incorporates wind, solar, battery storage, and natural gas technologies into its portfolio.

Triple Oak Power is financially supported by Energy Capital Partners (ECP), a prominent investor in energy transition companies. Their collaborative efforts aim to address the growing demand for sustainable energy in the United States while fostering a positive impact in the communities they serve.

Industry Overview in the Target’s Specific Country

The United States renewable energy sector has seen significant growth in recent years, largely driven by advancements in technology, government policies promoting clean energy, and increasing public awarene