The Jacksonville-based developer plans to use the capital to push its advanced-stage projects toward construction. CEO Danny Weidlich described the financing as a validation of the company’s internal execution strategy, noting that the partnership with Voya’s renewable energy and sustainable infrastructure platform provides the stability needed to scale operations across multiple U.S. markets.
Palladium Energy Secures $66 Million for South Carolina Solar Projects
A $66 million development loan from Voya Investment Management will fuel the expansion of Palladium Energy’s solar portfolio in South Carolina. The facility covers projects already backed by long-term offtake contracts, representing over 300 MW of capacity in a growing pipeline of renewable and digital infrastructure assets.
Edward Levin, managing director at Voya Investment Management, highlighted that the firm’s commitment to the project aligns with its strategy of backing experienced developers to accelerate the energy transition. Legal counsel for the transaction was provided by King & Spalding LLP for Voya and Barnes & Thornburg LLP for Palladium, with U.S. Bank acting as the administrative agent.
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