Heelstone Renewable Energy, a Qualitas Energy company, has commenced construction on two solar projects totaling 206 MW in Georgia and Michigan. The 104 MW Alligator Creek project in Georgia and the 102 MW Murch project in Michigan are both slated for commercial operation by the end of 2026. EPC agreements have been executed with Pure Power Contractors for the Georgia site and Greensol Renewables for the Michigan facility.
Both projects have secured long-term corporate power purchase agreements with a leading US hyperscale data center developer. Financing for Alligator Creek closed in December 2025, supported by Paragon Energy Capital, Stonehenge Capital, and Zions Bancorporation. Murch achieved financial close in March 2026, with a financing structure involving CG/CRC-IB, Stonehenge Capital, ING Capital, and Nord/LB.
In January 2026, Heelstone Renewable Energy, a Qualitas Energy company, closed a $200 million senior secured corporate credit facility in the US. The facility is intended to support the company’s growing portfolio of utility-scale renewable projects, which includes more than 5 GW of solar, wind, and battery energy storage system assets. The financing was led by Deutsche Bank. PEI Global Partners acted as the exclusive financial advisor to Heelstone.
