Great Bay Renewables Provides $50 Million Credit Facility to Advance Geenex’s PJM Transition Cycle 2 Project Pipeline

Great Bay Renewables Provides $50 Million Credit Facility to Advance Geenex’s PJM Transition Cycle 2 Project Pipeline

September 22, 2025

Great Bay Renewables today announced the closing of a $50 million interconnection financing facility for Geenex, a leading developer of utility-scale energy projects. This initial commitment of interconnection letters of credit (“LC”) will support readiness deposits for Geenex’s PJM TC2 projects, enabling the company to advance its project pipeline in PJM’s interconnection process.