Palladium Energy Closes Development Loan Financing with Voya Investment Management to Advance Its Utility-Scale Solar Development Pipeline

Palladium Energy (Palladium), a leading power developer in the United States, announced the closing of a $66 million development loan facility provided by Voya Investment Management through its renewable energy and sustainable infrastructure debt platform. The financing supports the continued development of a portfolio of advanced-stage projects with executed long-term offtake contracts totaling more than 300 MW in South Carolina, part of a broader, growing pipeline of power and digital infrastructure projects that Palladium is developing across multiple markets. This transaction reflects the strength of Palladium's platform, execution capabilities, and the quality of its project pipeline.

"This financing marks a significant milestone for Palladium and a strong endorsement of the platform we have built, our team's execution capabilities, and the high-value, advanced-stage project pipeline we continue to develop," said Danny Weidlich, co-founder and Chief Executive Officer of Palladium Energy. "We are proud to work alongside Voya, who has been a strong and valued partner throughout this process. Their commitment and support will be integral as we continue to execute on our pipeline of projects and deliver sustainable, renewable energy to communities across the country."

"We are pleased to support Palladium Energy in advancing a high-quality portfolio of utility-scale solar projects. This transaction reflects our continued commitment to financing renewable energy projects and partnering with experienced developers to accelerate the transition to a more sustainable energy system" said Edward Levin, Managing Director and Co-Head Direct Infrastructure, Voya Investment Management.

King & Spalding LLP served as legal counsel to Voya Investment Management. Barnes & Thornburg LLP served as legal counsel to Palladium Energy. U.S. Bank served as administrative agent for the facility.

Palladium Energy | www.pd46energy.com