WGL Energy Systems, a Washington, D.C.-based source for clean, efficient and diverse energy solutions, secured a $75m financing package from M&T Bank.
The funding will support WGL Energy’s efforts to expand solar development opportunities in the United States.
The funding will support future solar energy projects. WGL Energy seeks to expand its renewable energy programs and will partner with organizations across the country on these key solar energy initiatives. The credit package provides WGL with the flexibility and autonomy to choose between one and up to 30 projects to invest in, own and operate. WGL Energy has more than 290 megawatts (MW) of distributed generation projects installed or under contract across 21 states and the District of Columbia.
The WGL family of companies − Washington Gas, WGL Energy, WGL Midstream and Hampshire Gas − are now indirect, wholly-owned subsidiaries of AltaGas Ltd [TSX:ALA].
With activities and assets across the U.S., WGL provides options for natural gas, electricity, green power and energy services, including generation, storage, transportation, distribution, supply and efficiency.
WGL Energy delivers a full spectrum of energy offerings, including electricity, natural gas, renewable energy, carbon reduction, distributed generation and energy efficiency solutions provided by WGL Energy Services, Inc. and WGL Energy Systems, Inc.