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Nexus Renewables Closes $5MM Financing Facility with Scale Microgrid Solutions
Friday, September 23, 2022

Lenders/Participants Scale Microgrid Solutions [Lender]
Structure Asset-backed Credit Facility
Amount $5.000 Million
Borrower(s) Nexus Renewables
Description 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.
Industry Energy