The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Nexus Renewables Closes $5MM Financing Facility with Scale Microgrid Solutions
Friday, September 23, 2022
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Lenders/Participants
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Scale Microgrid Solutions [Lender]
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Structure
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Asset-backed Credit Facility
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Amount
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$5.000
Million
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Borrower(s)
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Nexus Renewables
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Description
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Nexus will use proceeds of the financing to advance 100+ MW of late-stage distribution-scale solar and energy storage projects to notice-to-proceed. In aggregate, these projects will provide enough electricity to meet the needs of more than 150,000 homes, thereby helping to avoid 120,000 tonnes of CO2 emissions from fossil fuels.
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Industry
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Energy
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ABL Advisor
Deal Tables
2022
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