energyRe secures $815m for five South Carolina solar farms

energyRe has completed an $815 million financing package for five utility-scale solar projects in South Carolina with a combined capacity of about 360 MW. The projects have 25-year power purchase agreements and are expected to generate tens of millions of dollars in revenue for local governments. Bank of America, Canadian Imperial Bank of Commerce, and Santander supported the financing.

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The South Carolina package covers five utility-scale installations totaling roughly 360 MW. Each project has a 25-year power purchase agreement, and local governments are expected to collect eight-figure revenue. Bank of America, Canadian Imperial Bank of Commerce, and Santander backed the financing.

The deal arrives amid other US solar transactions. In October 2026, Enel's North American subsidiary bought seven operating solar plants with about 270 MW capacity and expected annual output