CHARLOTTE, N.C., September 29, 2025 – Deriva Energy, LLC, a leader in clean power generation, operations and development, today announced that it has completed a $141 million debt financing to support three high-performing solar assets across the U.S.
The financing, provided by MUFG, supports: Franklin Solar, a 100 MW facility in Twin Falls County, Idaho; Wildflower Solar, a 100 MW facility in DeSoto County, Mississippi; and Spanish Peaks Solar, a 140 MW facility in Las Animas County, Colorado. All three projects began commercial operations in 2024 and deliver power under long-term power purchase agreements with high quality corporate and utility purchasers.
“This transaction demonstrates the continued strength of our capital markets platform and the confidence financial partners place in Deriva’s operating capabilities,” said Thomas Hopkins, Head of Capital Markets at Deriva. “By securing efficient financing for these high-quality projects, we are able to enhance returns and recycle capital into our growing pipeline of renewable development opportunities.”
“MUFG is proud to support Deriva in this important financing, providing reliable, clean energy for communities across the U.S,” said Phillip Fletcher, a Director in the Project Finance Group at MUFG.
This is the fourth debt financing completed by Deriva in the past year, following a $127 million transaction in May 2025, a $49 million transaction in December 2024 and a $207 million transaction in October 2024, underscoring the company’s ability to attract leading financial partners while executing on its growth strategy.
About Deriva Energy
Deriva Energy is an established industry leader in clean energy, with over 6,200 megawatts of operating assets and over 10,500 MW of assets in development across the U.S. Headquartered in Charlotte, North Carolina, Deriva is a portfolio company of Brookfield, one of the world’s largest owners and operators of renewable power and climate transition assets. For more information about Deriva, visit derivaenergy.com.
About MUFG and MUFG Americas
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,000 locations in more than 40 countries. The Group has about 150,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.
MUFG’s Americas operations, including its offices in the U.S., Latin America, and Canada, are primarily organized under MUFG Bank, Ltd., and subsidiaries, and are focused on Global Corporate and Investment Banking, Japanese Corporate Banking, and Global Markets. MUFG is one of the largest internationally headquartered financial institutions in the Americas. For locations, banking capabilities and services, career opportunities, and more, visit www.mufgamericas.com.
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