Redeux Energy Secures $30 Million Credit Facility to Boost Solar and Battery Storage Project Development

Redeux Energy Secures $30 Million Letter of Credit Facility to Support Solar and Battery Storage Project Development

DENVER, June 12, 2025 /PRNewswire/ — Redeux Energy Partners LLC (“Redeux”), a prominent utility-scale solar and energy storage development company, has successfully closed a new $30 million revolving letter of credit facility (“LC Facility”) with Macquarie Group (“Macquarie”). This facility will enable Redeux to fund development expenses associated with interconnection and power purchase agreement obligations for its extensive utility-scale project pipeline, which currently boasts a total capacity of 7 GW of solar generation and 12 GWh of storage across the ERCOT, MISO, CAISO, SERC, and WECC energy markets. Macquarie’s Commodities and Global Markets division serves as the sole Issuer and Administrative Agent for this new facility.

In light of the queue reform implemented through FERC Order 2023, interconnection costs have risen in many markets. “With the support of the new LC Facility, Redeux can propel high-quality projects further along the development lifecycle, effectively derisking them for our Independent Power Producer (IPP) partners and maximizing value,” stated Rob Masinter, CEO of Redeux Energy. “We appreciate Macquarie’s support and anticipate expanding the LC Facility in the future.”

Sherri Brudner, Managing Director at Macquarie’s Commodities and Global Markets division, expressed, “We are delighted to provide the LC Facility, which supports Redeux’s strategy to meet the surging demand for electricity through reliable renewable energy generation and storage. Redeux has achieved remarkable progress in several key markets, and this financing further empowers them to develop their utility-scale project pipeline.”

William Harrison, CEO of Cathexis Holdings, remarked, “The Board is excited that Redeux has established this partnership with Macquarie. The LC Facility will enhance Redeux’s execution and sales capabilities, driving growth and creating value.”

To date, Redeux has successfully sold nearly 700 MW of utility-scale solar and hybrid project capacity to leading IPPs. Targeting completions in the second half of 2025, Redeux is actively marketing a mid-stage project portfolio that includes 1.5 GW of solar capacity and 3.4 GWh of storage capacity within MISO, ERCOT, and SERC markets. Artola Capital Partners LLC (“ACP”) served as the financial advisor, while Holland & Hart LLP acted as legal counsel to Redeux in relation to the LC Facility transaction. Willkie Farr & Gallagher LLP provided legal counsel to Macquarie.

ABOUT REDEUX: Redeux is a utility-scale solar and storage development company specializing in various strategies to convert greenfield, mined, and industrial lands into renewable power infrastructure. This transformation not only generates new revenue streams but also addresses local needs for economic and workforce development. Redeux is driven by exceptional talent and processes and is backed by Cathexis Holdings, a Houston-based holding company with investments in multiple sectors, including real estate, infrastructure, and energy. Thoroughbred Holdings, a co-founder and investor in Redeux, focuses on supporting investments in top-tier infrastructure, energy, and natural resource assets. Founded in 2021, Redeux is headquartered in Denver, Colorado. For more information, visit [www.redeuxenergy.com](http://www.redeuxenergy.com).

Contact: [email protected]

SOURCE Redeux Energy