08:04 AM EDT, 03/19/2024 (MT Newswires) -- Fiera Infrastructure Private Debt, a division of Fiera Private Debt Inc., which is a subsidiary of Fiera Capital Corp ( FRRPF ) on Tuesday said that it has joined the financing solution that Greenalia S.A., a Spanish developer of renewable power projects, recently announced in February.

As part of a tailored structure that combines both bank and private credit capital, Fiera's investment contributes to the close of US$200 million of three-year credit facilities supporting the development of Greenalia's solar and wind project pipeline in the U.S.

The borrower, Greenalia Power US Advanced II, LLC, is a subsidiary of Greenalia that acquires, develops, constructs, and operates utility-scale solar, wind and energy storage projects in the U.S. Proceeds from the facilities will enable Greenalia US to finance project equipment, and other development and construction expenses.