Heelstone Renewable Energy_Georgia_Ware County

• The financing will strengthen Heelstone’s capacity to deliver an expanding portfolio of renewable energy projects across the U.S., supporting over 5 GW of solar, wind, and battery energy storage system (BESS) assets

• The Facility will allow the company to efficiently issue letters of credit for approved project-related purposes, including but not limited to interconnection deposits, power purchase agreements, project financings, and deposits related to major equipment purchases

• This transaction represents another milestone in Heelstone’s strategic expansion into a fully integrated renewable energy independent power producer (IPP)

DURHAM, N.C., Jan. 13, 2026 (GLOBE NEWSWIRE) — Heelstone Renewable Energy (“Heelstone”), a premier U.S. utility-scale renewable energy platform, announced today the successful close of a $200 million senior secured corporate credit facility (the “Facility”). Under the stewardship of Qualitas Energy, the Facility will accelerate Heelstone’s transition into a fully integrated independent power producer (IPP) and further strengthen its ability to deliver an expanding portfolio of renewable energy projects across the U.S.

The proceeds will be deployed to advance Heelstone’s strategic growth objectives, providing letters of credit for approved project-related purposes, including but not limited to interconnection deposits, power purchase agreements, project financings, and deposits related to major equipment deposits. The Facility further establishes a revolving credit sublimit that will fund company-level working capital requirements, advanced equipment purchases, and other general corporate purposes.

The financing was led by Deutsche Bank. PEI Global Partners served as Exclusive Financial Advisor to Heelstone. Norton Rose Fullbright US LLP acted as Borrower’s Counsel, and Paul Hastings LLP served as Lenders’ Counsel.

Building on a diversified portfolio of over 5 GW of de-risked solar, wind, and battery energy storage system (BESS) assets across the United States, Heelstone is targeting the deployment of more than 1 GWac of tax credit-qualifying projects by the end of 2028. Within the next 12 months, over 600 MWac of this capacity is expected to be contracted and enter construction. The Facility will allow for the efficient financing of critical deposits required as Heelstone continues to de-risk and execute on its portfolio through these critical milestones.

Mike Weich, Chief Executive Officer of Heelstone, commented: “This facility marks a significant milestone in our growth journey, equipping us with the financial flexibility to accelerate the buildout of critical renewable infrastructure across the U.S. It also reflects the strong confidence that our lenders have placed in our strategy, our people, and our long-term vision as an integrated IPP.”