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About Linea Energy
Industries
Data & Analytics
Energy
Company Size
11-50
Company Stage
Debt Financing
Total Funding
$145M
Headquarters
San Francisco, California
Founded
2022
Overview
Linea Energy focuses on developing and financing clean energy projects to accelerate their deployment. The company operates as an Independent Power Producer, meaning it generates electricity from renewable sources and manages energy storage assets. Linea Energy's approach involves utilizing advanced development techniques and effective risk management to ensure successful project outcomes. Unlike many competitors, Linea is backed by EnCap’s Energy Transition team, providing them with significant strategic and financial resources. The company's goal is to become a leader in clean energy infrastructure, delivering positive results for both partners and the communities they serve.
Simplify's Take
What believers are saying
- Successful debt financing for Pineview Solar indicates strong financial management and project viability.
- Acquisition of a 490MWdc solar project in Texas boosts Linea's capacity and market presence.
- Growing corporate PPAs trend increases demand for Linea's renewable energy projects.
What critics are saying
- Heavy reliance on debt financing could lead to financial instability for Linea Energy.
- Increased competition from international developers like X-ELIO may impact market share.
- Market saturation in regions like Texas could limit growth opportunities for Linea Energy.
What makes Linea Energy unique
- Linea Energy focuses on utility-scale solar projects, enhancing large-scale renewable energy production.
- The company is backed by EnCap Investments, providing strong financial support and credibility.
- Linea Energy's strategic acquisitions, like the Texas solar farm, expand its renewable energy portfolio.
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Funding
Total Funding
$145M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Paid Holidays
Professional Development Budget
Performance Bonus
Company News
X-ELIO, a Brookfield-owned renewable energy project developer, announced an agreement with Tion Renewables, a Munich-based renewable energy power producer, to sell a 50 MW solar project in the province of Almeria in southern Spain.
SAN FRANCISCO, Jan. 8, 2025 /PRNewswire/ -- Linea Energy ("Linea"), a renewables-focused developer and independent power producer that is sponsored by EnCap Investments L.P. ("EnCap"), is pleased to announce closing of project debt financing for its Pineview Solar project ("Pineview") this past December. Pineview is a 109MWdc utility-scale solar energy facility located in Wilcox County, Georgia.The Pineview debt financing comprises a construction-to-term loan, a tax equity bridge loan, and a letter of credit facility. The financing is provided by a syndicate of lenders led by First Citizens Bank ("First Citizens") and Norddeutsche Landesbank Girozentrale ("NORD/LB")."We are proud to announce the debt financing of Pineview," said Cassidy DeLine, Chief Executive Officer of Linea Energy. "The financing is a critical step in the advancement of the Pineview project
/PRNewswire/ -- First Citizens Bank today announced that its Energy Finance business served as lead arranger on $145 million in financing on behalf of Linea...
First Citizens Bank has arranged $145 million in financing for Linea Energy, a renewable energy developer and independent power producer.
Linea Energy, a forward-thinking clean energy company, has acquired a 490 MWDC solar project from Horus Energy, an international developer headquartered in London, England.
Linea Energy is Hiring for 2 Jobs on Simplify!
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About Linea Energy
Industries
Data & Analytics
Energy
Company Size
11-50
Company Stage
Debt Financing
Total Funding
$145M
Headquarters
San Francisco, California
Founded
2022
Linea Energy is Hiring for 2 Jobs on Simplify!
Find jobs on Simplify and start your career today