Article

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.