Pineview Solar Secures Major Project Financing in Georgia from Leading Lenders

A significant renewable energy project in Georgia has successfully secured comprehensive debt financing, marking progress in the development of large-scale solar infrastructure in the state. Linea Energy, a renewables-focused independent power producer backed by EnCap Investments L.P., has completed its financing arrangements for the Pineview Solar initiative.

The Pineview facility represents a substantial addition to Georgia’s clean energy capacity. Operating as a 109MWdc utility-scale solar installation, the project is situated in Wilcox County and designed to deliver renewable power to communities across the region. The financing structure supporting this development includes a construction-to-term loan, a tax equity bridge facility, and letter of credit backing from a consortium of institutional lenders.

Financing Syndicate and Partnership Structure

Leading the financing syndicate are First Citizens Bank and Norddeutsche Landesbank Girozentrale (NORD/LB), bringing together expertise in energy project finance. First Citizens Bank, headquartered in Raleigh, North Carolina, operates as a top-tier U.S. financial institution managing over $200 billion in assets. NORD/LB, based in Hanover, Germany, brings over 250 years of banking experience with specialized focus on renewable energy and infrastructure financing globally.

According to Mike Lorusso, Managing Director of First Citizens’ Energy Finance Group, the commitment reflects the bank’s continued engagement with sustainable energy development. “Supporting Pineview demonstrates our dedication to advancing Georgia’s renewable energy objectives,” he noted. Similarly, Sondra Martinez of NORD/LB emphasized the project’s role in Georgia’s broader energy transition, describing it as delivering long-term sustainable capacity to serve the state’s evolving power needs.

Project Impact and Linea Energy’s Strategic Direction

Cassidy DeLine, Chief Executive Officer of Linea Energy, highlighted the financing milestone as a catalyst for project execution. The capital mobilization enables the company to move forward with construction and delivery of clean electricity to Georgia while supporting local economic development.

Linea Energy operates as a development and operations platform specializing in wind, solar, and battery energy storage assets. Working in partnership with EnCap Energy Transition, the company focuses on accelerating deployment of renewable infrastructure. EnCap Investments itself has established itself as a substantial capital provider to the independent U.S. energy sector since its 1988 founding, currently managing approximately $42 billion across 25 institutional investment funds for over 350 domestic and international investors.

The Pineview financing demonstrates the institutional capital availability for utility-scale renewable projects and reflects growing investment momentum in Georgia’s energy infrastructure development. Winston & Strawn provided legal representation to the lending syndicate, while Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel to Linea Energy.