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One Energy Enterprises Secures $80 Million in Financing from Prudential Capital Group

One Energy Enterprises Secures $80 Million in Financing from Prudential Capital Group

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Prudential Capital Group, a leading source of private capital for public and private companies, and One Energy Enterprises LLC, announced recently the closing of an $80 million financing combination of senior and subordinated debt. Prudential Capital Group is the private placement arm of PGIM, the global investment management businesses of Prudential Financial, Inc. One Energy works with large commercial and industrial energy users to provide on-site “behind the meter” wind energy which is directly used by the customer’s facility. The company refers to these projects as Wind for Industry®. By combining development, engineering, procurement, construction, and operation under one organization, One Energy is able to deliver market competitive on-site wind energy solutions to its customers.Prudential Capital Group has extensive experience investing in the energy industry and energy projects. The One Energy financing is Prudential’s first entry into financing within the multi-project commercial and industrial energy market.

“Jereme Kent and his team at One Energy have developed an innovative, vertically integrated and well thought out business plan,” said Ric Abel, Managing Director, Prudential Capital Group. “We’re pleased to be part of the project.” “Prudential Capital’s ability to deliver one-stop financing made this deal possible,” said Jereme Kent, CEO and General Manager of One Energy. “Their in-house technical expertise and ability to tailor various financial products to specific needs makes Prudential an attractive financing partner, particularly for unique companies like One Energy.” The financing will allow One Energy to continue growing its portfolio of Wind For Industry® projects throughout Ohio and the United States. All of One Energy’s Wind For Industry® projects use turbines supplied by Goldwind. Duane Morris LLP represented One Energy and Morgan, Lewis, & Bockius represented Prudential Capital Group for the deal.

Source:PRN
Anand Gupta Editor - EQ Int'l Media Network

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