This LC Facility enables Redeux to advance our high-quality portfolio further through the development lifecycle and increasingly costly interconnection process, reducing risk for our IPP partners who will ultimately build own and operate these projects to power the massive load growth and AI industry expansion in the US.
Denver, CO June 12, 2025 — Redeux Energy Partners LLC (“Redeux”), a leading utility-scale solar and energy storage development company, today announced the close of its new $30 million revolving letter of credit facility (“LC Facility”) with Macquarie Group (“Macquarie”). The new LC Facility will allow Redeux to finance development expenses related to interconnection and power purchase agreement obligations for its utility-scale project pipeline, currently totaling 7 GW of solar generation capacity and 12 GWh of storage capacity spanning ERCOT, MISO, CAISO, SERC, and WECC energy markets. Macquarie’s Commodities and Global Markets business is the sole Issuer and Administrative Agent for this new facility.
With the implementation of queue reform through FERC Order 2023, interconnection costs have increased in many markets. “Leveraging the new LC Facility, Redeux can advance high quality projects further through the development lifecycle, derisking projects for our Independent Power Producer (IPP) partners and earning more value” said Rob Masinter, CEO of Redeux Energy. “We are grateful to Macquarie for their support and look forward to expanding the LC Facility in the years to come.”
“We are pleased to provide the LC Facility, supporting Redeux’s business plan to meet rapidly growing demand for electricity with reliable renewable energy generation and storage,” said Sherri Brudner, Managing Director in Macquarie’s Commodities and Global Markets business. “Redeux has made significant accomplishments to date in several key markets, and this financing further equips Redeux with the financing needed for its utility-scale project pipeline.”
“The Board is thrilled that Redeux has secured this relationship with Macquarie” said William Harrison, CEO of Cathexis Holdings. “The LC Facility will strengthen Redeux’s execution and sales capabilities, accelerating growth and value creation.”
To date, Redeux has sold nearly 700 MW of utility-scale solar and hybrid project capacity to leading IPPs. Targeting closings in 2H 2025, Redeux is actively marketing a mid-stage project portfolio totaling 1.5 GW of solar capacity and 3.4 GWh of storage capacity in MISO, ERCOT and SERC markets.
Artola Capital Partners LLC (“ACP”) acted as financial advisor and Holland & Hart LLP as legal counsel to Redeux in connection with the LC Facility transaction. Willkie Farr & Gallagher LLP acted as legal counsel to Macquarie.
