Barnes & Thornburg Advises Palladium Energy on Financing for Utility-Scale Power Projects

On July 7, 2026, Palladium announced the closing of a $66 million development loan facility from Voya through its renewable energy and sustainable infrastructure debt platform. U.S. Bank served as administrative agent for the loan facility.

The financing gives Palladium additional capital to support more than 300 megawatts of advanced-stage projects in South Carolina that already have long-term agreements in place to sell their power.

“This financing marks a significant milestone for Palladium and a strong endorsement of the platform we have built, our team’s execution capabilities, and the high-value, advanced-stage project pipeline we continue to develop,” said Danny Weidlich, co-founder and CEO of Palladium Energy. 

"We are proud of how our multi-disciplinary team came together to support Palladium in reaching this important milestone in their projects' development," said partner Jason Myers, who co-led the Barnes & Thornburg team. "Transactions of this complexity require seamless collaboration across practices, and this team delivered exactly that. We look forward to continuing to support Palladium as they advance their impressive pipeline of utility-scale projects."

Founded in Jacksonville in 2019, Palladium acquires, develops and finances utility-scale power and digital infrastructure projects. Since its founding, Palladium has built a multistate pipeline of utility-scale projects, underscoring the company’s execution capabilities and its platform’s ability to advance high-value projects from origination through development. 

In addition to Myers, partner Princess Fuller also co-led the Barnes & Thornburg team, which included associates Kathleen Thompson and Andrew Nguyen. Partners Will Russ and Chad Sillman and associate Julia Dural provided additional support.