HA Sustainable Infrastructure Capital Inc (HASI) News & EventsHASIHA Sustainable Infrastructure Capital Inc

Invenergy and HA Sustainable Infrastructure Capital Close Strategic Equity Partnership

Invenergy and HA Sustainable Infrastructure Capital announced the closing of a strategic equity partnership supporting a 2.7-gigawatt, GW, portfolio of select Invenergy projects across the United States, including utility-scale solar, solar-plus-battery storage, and wind projects. Invenergy will retain control and majority ownership and continue to lead day-to-day operations of the projects. The portfolio comprises 10 projects totaling 2.7 GW across six major U.S. power markets and seven states: Arizona, New Mexico, Texas, Arkansas, Indiana, Ohio, and New York. More than 850 MW are currently operating, with the remaining projects expected to come online by the first quarter of 2027. HASI will fund each project as it reaches commercial operation. All projects are backed by long-term agreements with investment-grade offtakers, including corporate, utility, and public-sector entities.

Neogenyx Fuels Partners with Adams Land & Cattle to Build Renewable Natural Gas Facility

Neogenyx Fuels will join Adams Land & Cattle to break ground on a renewable natural gas, RNG, facility at the Adams Land & Cattle feedlot in Broken Bow, Nebraska. The project marks Neogenyx Fuels' first agricultural RNG facility, converting manure into pipeline-quality RNG through anaerobic digestion for use as a low-carbon transportation fuel and additional energy applications. Neogenyx Fuels is formed by Ameresco (AMRC) and HASI (HASI)

HA Sustainable Infrastructure Capital Prices $1B Green Bond Offering

HA Sustainable Infrastructure Capital priced its offering of $1B in aggregate principal amount of 5.950% green senior unsecured notes due 2033. At issuance, the Notes will be guaranteed by Hannon Armstrong Sustainable Infrastructure, Hannon Armstrong Capital, HAT Holdings I, HAT Holdings II, HAC Holdings I and HAC Holdings II. The settlement of the Notes is expected to occur on June 24, subject to customary closing conditions. The Notes will have certain registration rights. The Company estimates that the net proceeds from the offering of the Notes will be approximately $987M, after deducting the initial purchasers' discount and estimated offering expenses. The Company intends to utilize the net proceeds from the offering of the Notes to temporarily repay a portion of the outstanding borrowings under the Company's unsecured revolving credit facility or temporarily repay a portion of the outstanding borrowings under the Company's commercial paper programs. The Company will use cash equal to the net proceeds from the offering to acquire, invest in or refinance, in whole or in part, new and/or existing eligible green projects. These eligible green projects may include projects with disbursements made during the twelve months preceding the issue date of this offering and projects with disbursements to be made within two years following the issue date. Prior to the full investment of an amount equal to such net proceeds in such eligible green projects, we intend to apply the net proceeds as set forth above and to invest any remaining net proceeds in interest-bearing accounts and short-term, interest-bearing securities.