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LRE Secures $580 Million for Renewable Energy Projects, Boosting Arizona Solar and Illinois Wind Initiatives.

LRE has raised US$580 million for renewable energy projects, including a solar farm in Arizona. The latest funding will also support LRE’s redevelopment of its GSG wind portfolio in Illinois. This investment reflects confidence from leading financial institutions and knowledgeable investors in LRE’s growth plans and execution. The funding follows Terabase’s use of its Terafab autonomous construction system at the project, which was used to install 17MW of solar panel capacity. The commitment of additional funding shows LRE’s confidence in the Arizona solar sector, which is expected to install 9.8GW of new capacity over the next five years.

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