Natixis CIB Provides $612M Financing for MN8 Energy Solar Projects
- Editor
- Feb 3
- 2 min read
What's Happening: Natixis Corporate & Investment Banking has closed a $612 million construction bridge financing package for MN8 Energy to support the development of three solar projects across North Carolina, Kentucky, and Illinois. The financing will enable the construction of 517 MWdc of solar capacity, with all projects expected to be operational by the end of 2025.
The Key Moves:
Natixis CIB acted as Sole Bookrunner and Administrative Agent for the $612 million debt facilities.
The financing includes a construction bridge facility, a tax-credit-transferability-linked bridge loan, and a letter of credit facility.
The structure provides MN8 Energy the option to refinance the loan in the US Private Placement market.
By The Numbers :
$612 million total financing package for three solar projects.
517 MWdc of aggregate solar capacity to be developed across three states.
MN8 Energy has approximately 4 GW of operational and under-construction solar projects across 28 states.
Key Quotes:
"This $612 million construction bridge financing package demonstrates the strength of our development pipeline and represents a significant milestone in bringing these three solar projects to fruition," said Jon Yoder, President and CEO, MN8 Energy.
"We're grateful to MN8 for trusting our team to deliver a quick, high-quality execution for this financing, which supports the construction of three high quality renewable assets," said Bhuvan Jain, Executive Director at Natixis CIB.
*KQ3*
The Bottom Line: This significant financing deal underscores the continued growth in renewable energy infrastructure investment, particularly in solar projects. It highlights Natixis CIB's role as a key player in arranging project finance debt for the power and renewables sector in the United States, while supporting MN8 Energy's expansion as a leading independent power producer focused on decarbonization solutions.
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