BridgePeak Energy Capital Facilitates $144 Million Construction Loan to Finance 112.5MWdc Headwater Energy Solar Project

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11/05/2025 - 10:30 AM

Headwater Energy expands its Independent Power Producer portfolio with Gum Swamp Solar project, supported by funding from Pathward and a lender syndicate

CHARLESTON, S.C.--(BUSINESS WIRE)-- Headwater Energy (Headwater), a leading utility-scale solar and energy storage development firm, today announced it has closed construction financing on a 112.5MWdc solar project in North Carolina arranged by BridgePeak Energy Capital, LLC (BridgePeak) and funded in part by Pathward^®, N.A. (Pathward). The Gum Swamp solar project is projected to generate clean energy to power the equivalent of 17,000 North Carolina households annually, marking a significant expansion of solar energy capacity in the state.

The financing will allow Headwater to accelerate its growth in the Southeast, which already includes 177MWdc of operational assets and a 2.8GWdc development pipeline.

“This financing marks an important milestone in Headwater’s continued growth and expansion as a long-term owner and operator of clean-energy assets,” said Michael Cohen, CEO of Headwater. “BridgePeak and Pathward have been exceptional partners whose support reflects the strength of our platform and our shared commitment to building reliable, scalable clean-energy infrastructure across the Southeast.”

“We’re proud to support Headwater’s mission and to partner with BridgePeak on this important transaction,” said Christopher Soupal, Division President and Revenue Lending Officer at Pathward. “BridgePeak’s deep expertise and collaborative approach were instrumental to this closing.”

“BridgePeak is excited to support Headwater’s pipeline of energy projects that will generate low-cost electrons to power AI now and in the immediate future. Gum Swamp will be placed in service in just 18 months, illustrating the value of an ‘all of the above’ energy policy,” said David Thigpen, President of BridgePeak.

The loan was originated under Pathward’s energy lending program and a lender syndicate, with BridgePeak serving as lender service provider. The transaction is part of BridgePeak’s broader initiative to facilitate over $2 billion in energy project financing in 2025.

About BridgePeak Energy Capital

BridgePeak Energy Capital, LLC is the country's leading energy-sector focused commercial loan service provider to banks, financial institutions and private credit. The company provides end-to-end support across origination, underwriting, servicing, and portfolio management enabling efficient deployment of capital into high-impact energy assets.

As of September 30, 2025, BridgePeak services a $3.7 billion commercial loan portfolio. Since founding in 2020, BridgePeak has closed more than $5.4 billion in loans to US-based energy projects in more than 24 states.

For more information about BridgePeak Energy Capital, visit BridgePeak.com or contact info@BridgePeak.com.

About Headwater Energy

Headwater Energy is a leading force in America's renewable energy transition, with over 2.8GW of active solar development and a substantial portfolio of operating solar projects. Headwater’s mission is driven by a relentless commitment to advancing renewable energy through expertise, integrity, and a results-focused approach. Its team of seasoned industry veterans and passionate professionals brings a no-nonsense, zero-ego attitude to every project, transforming innovative ideas into impactful renewable energy.

About Pathward®

Pathward®, N.A., a national bank, is a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH). Pathward is focused on financial access and strives to increase financial availability, choice and opportunity across our Partner Solutions and Commercial Finance business lines. The strategic business lines provide support to individuals and businesses. Learn more at Pathward.com.