Scout Clean Energy has closed on a back-leverage financing transaction for the company’s 130 MW Bitter Ridge Wind Farm in Jay County, Ind., which has been in operation since 2020.
“We are pleased to continue to leverage innovative long-term financing structures in our operational portfolio,” says John Clapp, Scout Clean Energy’s CFO. “This financing is the first of many that will further strengthen the build out of our impressive development pipeline.”
The project’s additional tax incentive agreement in place with Jay County, resulted in $1.56 million in economic development payments by Bitter Ridge.
Scout, based in Boulder, Colo. is a portfolio company of Brookfield.
