Customer Spotlight: Heelstone Energy

Heelstone Energy is a leading independent power producer and solar developer with expertise in developing, financing, constructing, operating, and maintaining solar PV projects. The company has grown from the inception of the utility-scale market with a long-term commitment to the industry.

“Heelstone is one of the best in the business,” said Rebecca Chilton, Renewable Energy Industry Expert at Live Oak Bank. “They’re constantly innovating and refining their processes to make projects even better.’”

“Our core skillset and expertise lie in the financing of these projects,” said Justin Gravatt, Director of Finance at Heelstone Energy. “We arrange the tax equity and the debt and manage the construction of the projects.”

Watch as the Heelstone team discusses the growth of utility-scale solar, the drivers of site selection, and the story behind the newly completed Rockingham, North Carolina solar project.

Heelstone Energy is a leading independent power producer and solar developer with expertise across the solar value chain. Heelstone Energy has proven capabilities to source, finance, build, and operate high-quality solar assets, having developed and constructed projects with generating capacity in excess of 275 MWdc.

Live Oak Bank’s renewable energy lending division focuses primarily on utility-scale solar project financing nationwide. The bank offers project developers and their tax equity partners a first-class lending experience.

Live Oak Bank's renewable energy lending division focuses primarily on utility-scale solar project financing nationwide. Click To Tweet

“Live Oak’s been a tremendous partner with us,” said Richard Wright, Director of Operations at Heelstone Energy. “They understand the lending component of the business but also the asset class, how the projects are built, financed, brought online and ultimately operate.”

Learn more about the renewable energy lending team at Live Oak Bank.