The Jacksonville-based developer plans to use the capital to push its advanced-stage projects toward construction. CEO Danny Weidlich described the financing as a validation of the company’s internal execution strategy, noting that the partnership with Voya’s renewable energy and sustainable infrastructure platform provides the stability needed to scale operations across multiple U.S. markets.

Edward Levin, managing director at Voya Investment Management, highlighted that the firm’s commitment to the project aligns with its strategy of backing experienced developers to accelerate the energy transition. Legal counsel for the transaction was provided by King & Spalding LLP for Voya and Barnes & Thornburg LLP for Palladium, with U.S. Bank acting as the administrative agent.