Madison Energy Infrastructure, a leading clean energy developer and asset owner, announced the successful closure of a $450 million debt funding deal, showcasing the team’s unwavering commitment to developing, financing, and managing clean, local energy projects across the US.
The $450 million construction-to-term debt facility will play a pivotal role in funding the development and deployment of Madison’s cutting-edge clean energy projects for its rapidly growing network of partners and customers. As the demand for renewable energy solutions continues to surge, this substantial investment will empower the company to meet this growing need by expanding its financing and execution capabilities.
“We recognize the importance of critical infrastructure in shaping our sustainable future”, stated Iwona Guier, Executive Vice President of Finance at Madison. “With this debt funding, we are poised to deliver groundbreaking projects, and play an essential role in building a cleaner and more resilient world for generations to come.”
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This substantial financing facility is made possible through the collaboration of esteemed financial institutions, including Fifth Third Bank, Natixis, Société Générale, BNP Paribas, TD Bank, Siemens Financial Services and Forbright Bank. The capital commitment and diverse participation underscores the confidence global financial leaders have in Madison Energy Infrastructure’s mission to create a more sustainable world.
“This commitment is an extension of our years-long successful relationship with Fifth Third, Natixis and Société Générale – each of whom have continued to commit to Madison“, said Steven Cunningham, Chief Financial Officer at Madison. “This re-commitment along with the additions of great partners at BNP Paribas, TD Bank, Siemens and Forbright affirms our belief that we are doing it right in our vision of distributed generation energy solutions.”
SOURCE : PRNewswire