Newlight Partners to invest $150m in Leyline Renewable Capital.

Newlight Partners, a private investment firm, agreed to invest $150m in Leyline Renewable Capital, a provider of development financing across several renewable energy sectors. "Leyline Renewable Capital has a firm track record of identifying, cultivating and funding some of today's most talented renewable energy developers. As cost-competitive and distributed renewable technologies scale quickly, the developers of these projects are increasingly underserved by traditional financing sources. Leyline understands their needs and long-term goals and is positioned to be the go-to investor for entrepreneurial developers who are essential if cities, states and major corporations are to achieve their ambitious renewable energy targets," Mark Longstreth, Managing Director of Newlight Partners.