NineDot Energy Secures $431 Million Financing from Natixis for NYC Battery Storage Projects
NineDot Energy has completed a $431 million debt financing led by Natixis Corporate & Investment Banking for 28 battery storage projects in New York City, totaling 124 MW and 494 MWh. The projects aim to enhance the city's electric grid reliability and sustainability, capable of powering over 100,000 households during peak hours. This financing includes a construction loan, tax-credit-transfer bridge loan, and letter-of-credit facility, addressing NineDot's portfolio needs.
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NineDot Energy has secured $431 million in debt financing from Natixis Corporate & Investment Banking for 28 battery energy storage projects in New York City. These projects will have a combined capacity of 124 MW and 494 MWh, sufficient to power over 100,000 households during peak demand.
The financing structure includes a construction loan, tax-credit-transfer bridge loan, and a letter-of-credit facility tailored to the specific requirements of the projects. This funding is part of NineDot's broader pipeline of over 60 projects aimed at improving the sustainability of the NYC electric grid.
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