Strata Clean Energy (“Strata” or the “Company”) today announced the upsizing of its revolving loan and letter of credit facility by $150 million, growing the facility from $300 million to $450 million. The upsized facility closed on July 9, 2026, and will continue to support the expansion of Strata’s operational fleet and the ongoing commercialization of its diversified development pipeline.
The original $300 million facility closed in November 2023 with Nomura Securities International, Inc. (“Nomura”), a leading global investment bank in the energy and infrastructure sectors, acting as Sole Bookrunner and Coordinating Lead Arranger. Nomura continues to lead the upsized facility in that same capacity, with First Citizens Bank serving as Coordinating Lead Arranger.
“This upsize reflects the continued confidence our financial partners have in Strata’s platform and growth trajectory,” said Strata Clean Energy’s Chief Financial Officer, Alex Wilhelm. “Increasing our liquidity to $450 million gives us additional flexibility to invest in our development pipeline and support our EPC and O&M businesses as we scale to meet growing demand across the country.”
“Nomura is proud to continue supporting Strata Clean Energy as it scales its vertically integrated platform,” said Vinod Mukani, Global Head of Infrastructure and Power Finance.
Alain Halimi, Managing Director, Infrastructure and Power Finance at Nomura added, “having led the original facility in 2023, we are pleased to expand our commitment. This upsize reflects the strength of Strata’s business model, the quality of its development pipeline, and our continued confidence in the Company’s long-term growth strategy.”
The proceeds of the upsized facility will continue to support the development, construction, and operation of Strata’s renewable energy and energy storage projects, as well as provide additional working capital for the Company’s growing EPC and O&M divisions.
Nixon Peabody and Norton Rose Fulbright acted as Borrower’s and Lenders’ counsel respectively.
About Strata Clean Energy
Strata Clean Energy is a fully integrated energy infrastructure company serving utilities, independent power producers, and hyperscalers navigating the rapid transformation of the energy landscape. With core capabilities spanning turnkey development, engineering, procurement and construction (EPC), asset ownership and management, advanced operations, and capital markets expertise, Strata delivers scalable, bankable energy platforms designed for speed, scale, and reliability. The company maintains an active presence across 25 states through development, EPC, and operations, and currently manages 260+ photovoltaic and battery energy storage system assets under O&M management across 24 states. The Way to Energy Now. Learn more at stratacleanenergy.com.
About Nomura
Nomura is a financial services group with an integrated global network. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and Banking. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.
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