Balanced Rock Power Completes Funding
MOAB, Utah, Aug. 4, 2021 /PRNewswire/ -- Balanced Rock Power ("BRP") announced today a major milestone in completing its transaction with SG Energy, an Israeli originated renewables energy company investing in the United States, that establishes a long-term partnership and supports BRP's growth in the US renewable business.
- MOAB, Utah, Aug. 4, 2021 /PRNewswire/ -- Balanced Rock Power ("BRP") announced today a major milestone in completing its transaction with SG Energy, an Israeli originated renewables energy company investing in the United States, that establishes a long-term partnership and supports BRP's growth in the US renewable business.
- The partnership includes an equity investment in BRP, the funding of ongoing development activities, and a letter of credit facility to support the development of projects in the United States.
- "Balanced Rock Power's team has deep experience in the utility markets throughout the United States.
- "We are thrilled to partner with Balanced Rock Power to scale its development efforts across the United States," said SG Energy VP Business Development Yuval Bar-Yosef.