(123rf.com Image)
Headwater Energy, a leading utility-scale solar and energy storage development firm, announced it has closed construction financing on a 112.5MWdc solar project in North Carolina arranged by Charleston, South Carolina-based BridgePeak Energy Capital, LLC and funded in part by Pathward, N.A.
The Gum Swamp solar project is projected to generate clean energy to power the equivalent of 17,000 North Carolina households annually, marking a significant expansion of solar energy capacity in the state.
Officials said the financing will allow Headwater to accelerate its growth in the Southeast, which already includes 177MWdc of operational assets and a 2.8GWdc development pipeline.
“BridgePeak is excited to support Headwater’s pipeline of energy projects that will generate low-cost electrons to power AI now and in the immediate future. Gum Swamp will be placed in service in just 18 months, illustrating the value of an ‘all of the above’ energy policy,” said David Thigpen, president of BridgePeak.
The loan was originated under Pathward’s energy lending program and a lender syndicate, with BridgePeak serving as lender service provider.
The transaction is part of BridgePeak’s broader initiative to facilitate over $2 billion in energy project financing in 2025.
As of Sept. 30, 2025, BridgePeak services a $3.7 billion commercial loan portfolio.
Since founding in 2020, BridgePeak has closed more than $5.4 billion in loans to U.S.-based energy projects in more than 24 states.
Pathward, N.A., a national bank, is a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH).
brbr Bleecker Family Law announces promotion of Attorney Beverly V. Snelgrove to Partner. Read More »
Comments
No comments on this item Please log in to comment by clicking here