An offshore wind project starts spending money long before its turbines produce electricity. Developers need surveys, engineering, equipment orders, port access and vessels capable of transporting and installing enormous components at sea. Suppliers make commitments of their own, often years ahead of construction. When federal policy leaves the future of a project uncertain, the consequences travel through that entire chain. A delayed permit can unsettle a vessel reservation. A cancelled lease can weaken the case for a port expansion.

Elevate Renewables (“Elevate”), a leading developer and operator of energy infrastructure, has closed a $50 million Energy Transition Supplier Finance Facility arranged by Rabobank, one of the world’s largest cooperative banks and a global leader in financing food, agribusiness and energy. The facility is earmarked for a large solar and battery energy storage project contracted to power a data center, tightening the operational link between clean energy infrastructure and the surging digital economy.