$350 million for Nexamp: Macquarie Asset Management has approved $350 million in financing for US developer Nexamp for its 1 GW AC of utility-scale solar and battery energy storage system (BESS) projects. This will be spread across MISO, NYISO, and PJM markets. It will enable the company to execute its near-term construction plans for a significant portion of its 6 GW pipeline. Separately, it also raised additional development capital from Nomura to advance the earlier-stage development of its utility-scale projects. Established as a community solar and commercial-scale distributed generation company, for Nexamp, this marks its foray into utility-scale solar and storage space.
5-year pact for Daikin: Japanese air conditioner manufacturer Daikin has signed a 5-year deal with ENGIE North America to supply 100% renewable electricity to all of its Texas facilities. This includes the Daikin Texas Technology Park (DTTP), the company’s largest manufacturing site. Power will come from ENGIE’s Impact Solar Project in North Texas, which has been operational since 2021. Daikin says that the move supports its plan to make the facility a Net Zero Factory by 2030 and aligns with its global Environmental Vision 2050.
Sunrun Raises Fresh Capital: Sunrun, the largest US residential solar and storage provider, has priced its 15th securitization since 2015 and the 5th this year, totaling $510 million in Class A notes. Backed by 29,929 systems across 19 states, Washington D.C., and Puerto Rico, as well as 76 utility territories, the transaction is set to close by September 23, 2025. Including an August 2025 privately placed transaction, Sunrun says it has raised over $1.5 billion in Q3 non-recourse debt, reinforcing its access to diverse financing channels.
Major banks back Madison’s expansion plans: US-based Madison Energy Infrastructure has secured an $800 million construction-to-term debt facility to expand its clean energy infrastructure across the country. The financing from Fifth Third Bank, Société Générale, BNP Paribas, KeyBank, Crédit Agricole, TD Bank, Lloyd’s and Natixis, supports Madison’s push toward 1 GW of operating capacity. It will fund project development, construction, and long-term operations, strengthening the company’s ability to deliver distributed clean energy solutions to corporate, public, and nonprofit customers nationwide, explained the management.
Meta-backed project to power SPP grid: Renewable energy developer Longroad Energy has closed financing and begun construction of its 400 MW DC/300 MW AC 1000 Mile Solar project in Yoakum County, Texas. Backed by Meta through a long-term Environmental Attributes Purchase Agreement for the entire energy output, the project will deliver power to the Southwest Power Pool (SPP) grid and is expected to come online in 2026. Morgan Stanley Renewables provided tax equity financing, while Société Générale and CIBC led debt financing. Longroad Energy has contracted SOLV as the EPC for the project that plans to deploy modules from First Solar and trackers from Nextracker for the facility.
$305 million for 158 MW: Commercial solar power company Summit Ridge Energy has closed $305 million senior secured credit facility with the Bank of America to support a portfolio of community solar projects in the US. Representing a combined 158 MW capacity, these facilities are spread across Illinois and Maryland. It comprises a $281 million term loan and a $24 million letter of credit facility.
Cordelio starts Missouri solar: Independent power producer (IPP) Cordelio Power announced the commissioning of its 150 MW AC Winfield Solar Project in Lincoln County, Missouri. All power is contracted to be sold to Microsoft under a 15-year contract. Qcells, as the EPC provider, also supplied solar modules to the project, including those manufactured at its factory in Georgia. The project secured $207 million in construction financing and a $106 million term loan, with Fifth Third Bank making a tax equity investment. Cordelio acquired the project from Dakota Renewable Energy in 2020.
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