Full-Time
Updated on 5/14/2026
Develops, owns, and operates utility-scale renewables
No salary listed
San Francisco, CA, USA + 2 more
More locations: Austin, TX, USA | Chicago, IL, USA
In Person
Linea Energy develops, owns and operates utility-scale wind, solar and battery storage projects in the United States, managing development, financing, construction and operation. It builds a diverse project pipeline, secures long-term PPAs with utilities and corporate customers, and uses energy trading and risk management to stabilize revenue. Backed by EnCap Investments, it combines development expertise with capital to accelerate deployment of its renewable assets. Its goal is to scale a growing renewable portfolio and help transition to a low-carbon economy by delivering reliable clean power.
Company Size
11-50
Company Stage
Debt Financing
Total Funding
$145M
Headquarters
San Francisco, California
Founded
2022
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Linea Energy closes project debt financing for Watertown solar in Michigan. PR Newswire Today at 10:31am PDT SAN FRANCISCO, March 24, 2026 /PRNewswire/ - Linea Energy ("Linea"), a U.S. based renewable energy developer and independent power producer ("IPP"), that is sponsored by EnCap Investments L.P. ("EnCap"), announced today that it has closed project financing for its Watertown solar project ("Watertown"). Watertown is a 172 MWdc utility-scale solar energy facility located in Sanilac County, Michigan. The Watertown financing package includes a construction-to-term loan, a tax equity bridge loan, and a letter of credit facility. The financing is led by Santander Corporate & Investment Banking, ("Santander"), with participation from Société Générale, S.A. ("SocGen"), Norddeutsche Landesbank Girozentrale ("NORD/LB") and Truist Bank ("Truist"). Linea has also executed a 25-year power purchase agreement ("PPA") with Consumers Energy, a public entity operating under the jurisdiction of the Michigan Public Service Commission ("MPSC"). "We are thrilled to announce the successful financing of Watertown," said Cassidy DeLine, Chief Executive Officer of Linea Energy. "With the support of our financing partners and our long-term agreement with Consumers Energy, Watertown will bring meaningful economic benefits to Sanilac County while supporting the state's long-term transition to a resilient, low-carbon grid." "Santander is proud to partner with Linea Energy on the financing of Watertown," said Nuno Andrade, U.S. Head of Structured Finance and Global Head of Structured Finance Digital Infrastructure and REGAL, Santander Corporate & Investment Banking. "This project underscores the strength of Linea's platform and will deliver long-term value for Michigan communities and the broader renewable energy sector." Now under construction, Watertown is expected to support approximately 150 construction jobs and generate enough clean energy to power 25,126 Michigan homes annually on the Midcontinent Independent System Operator ("MISO") market beginning in April 2027. Over the next 20 years, the project is projected to deliver $16.4 million in local property tax revenue and reduce carbon emissions by approximately 148,389 pounds annually, supporting a cleaner, more resilient energy grid across Michigan. This financing marks Linea's third renewable energy project to reach financial close. Winston & Strawn served as legal counsel to the lenders. Orrick, Herrington & Sutcliffe served as borrower counsel to Linea Energy. About Linea Energy Linea Energy is a leading independent power producer focused on the development, ownership, and operation of clean energy infrastructure. Headquartered in San Francisco, California, Linea is committed to driving the energy transition through the efficient development of a diverse portfolio of wind, solar, and battery energy storage projects. In partnership with EnCap Investments, Linea is dedicated to creating sustainable energy solutions that support a low-carbon future. Linea is focused on re-envisioning existing development strategies and creating unique processes to build more, faster. For more information, visit www.lineaenergy.com. About EnCap Investments Since 1988, EnCap Investments has been a leading provider of growth capital to the independent sector of the U.S. energy industry. The firm has raised 25 institutional investment funds totaling approximately $42 billion and currently manages capital on behalf of more than 350 U.S. and international investors. Founded in 2019, the EnCap Energy Transition platform is led by four Managing Partners, each with 30-35 years of experience in the development and operations of renewable energy and other power generation assets. For more information, please visit www.encapinvestments.com. SOURCE Linea Energy This is a paid placement. For further inquiries, please contact PR Newswire directly.
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.