NEW YORK CITY, Feb. 9, 2026/ PRNewswire/– Natixis Corporate & & Financial Investment Banking (Natixis CIB) is happy to reveal the closing of $ 431 million in building funding to support the portfolio of twenty-eight (28) battery storage system (” BESS”) possessions being established and built throughout New York City City by NineDot Energy This financial obligation funding will support the building of an aggregate capability of 124 MW (494 MWh), which will play a crucial function in improving the dependability and sustainability of New york city City’s electrical grid.
NineDot Energy is the leading designer of community-scale battery storage systems in the New York City City location based upon the Con Edison affiliation line which covers The Bronx, Brooklyn, Queens and Staten Island in addition to Westchester County
The $ 431 million funding consists of a building and construction/ term loan center, a tax-credit-transfer swing loan, and a letter-of-credit center, structured to deal with the special requirements of NineDot’s 28-asset portfolio covered by this deal.
Our groups of specialists in about 30 nations encourage customers on their tactical advancement, assisting them to grow and change their organizations, and optimize their favorable effect. Natixis CIB is devoted to aligning its funding portfolio with a carbon neutrality course by 2050 while assisting its customers minimize the ecological effect of their service.
As part of Groupe BPCE, the 2nd biggest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks, Natixis CIB gain from the Group’s monetary strength and strong monetary scores (Requirement & & Poor’s: A+, Moody’s: A1, Fitch: A+, R&I: A+).
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SOURCE Natixis
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