Dallas, TX, March 17, 2025 – PGIM Private Capital invested over $65 million of Senior Secured Notes into BCD 2025 Fund 1 MM, LLC, a subsidiary of Birch Creek Energy, to assist in funding the construction and operation of two ground-mounted solar projects totaling 35MWac, located in Frederick County, Maryland. PGIM Private Capital is a leading source of private debt for public and private companies and is the private capital arm of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

“PGIM Private Capital is excited to provide financing for Birch Creek’s expansion of their nationwide solar portfolio. With the addition of this investment, our renewable portfolio across North America and Europe exceeds $4.3 billion,” said Ingrida Soldatova, Senior Principal of PGIM Private Capital.

Birch Creek Energy is a developer and owner of utility scale solar and storage projects across the U.S., with 960 MWs of projects developed since 2019.

“It was a pleasure working with PGIM Private Capital. We greatly appreciate PGIM’s support, and we look forward to deepening our relationship with PGIM as Birchbuilds out its renewable energy pipeline,” commented Max Whitacre, Executive Vice President of Project Finance for Birch Creek.

About Birch Creek Energy

Founded in 2019, Birch Creek Energy is a utility-scale solar and storage developer, financier, and independent power producer with over 14.2 GW of active solar and storage development pipeline across MISO, PJM, Texas, and the U.S. Southeast. For more information, visit birchcreekdev.com

About PGIM Private Capital

For nearly 100 years, PGIM Private Capital has been partnering with a wide range of corporations, sponsors, and institutions to provide valuable insights and customized capital solutions that enable them to achieve their growth and funding goals. In an industry where capital can seem like a commodity and relationships are often fleeting and transactional, we strive to build enduring local partnerships based on a steady and patient commitment to our partners’ long-term capital needs. With regional teams in 15 offices around the world, we manage a portfolio of $106.6 billion for our partners (as of 12.31.24).