Madison Energy Infrastructure has announced an $800m construction-to-term debt facility to support the rollout of clean energy infrastructure for customers and partners across the United States.
The company said the financing positions it to meet growing demand as it works towards 1 GW of operating capacity. The funding will back project development, construction and long-term operations.
According to Madison, the agreement strengthens its ability to deliver clean energy solutions amid what it describes as a “New Normal” of rising load growth, price volatility and AI-driven infrastructure requirements. The facility draws on new and existing lenders from its previous debt arrangements.
“We believe clean energy infrastructure is a foundational part of our economic future and this facility reflects Madison’s commitment to serving our customers and partners for decades to come,” said Steve Cunningham, co-founder and chief financial officer at Madison.
The funding is backed by several international banks, including Fifth Third Bank, Société Générale, BNP Paribas, KeyBank, Crédit Agricole, TD Bank, Lloyd’s and Natixis. Madison said these partnerships highlight its standing in the clean energy sector and will help it progress a pipeline of distributed generation projects.
“This milestone builds on our enduring alliances with existing lenders who have been with us for many years as well as new banks as we continue to grow,” said Iwona Guier, Executive Vice President of Finance at Madison.
The company plans to use the facility to speed up deployment of clean energy at scale. It aims to serve a broad customer base, including corporate, industrial, K-12, nonprofit, electric cooperative and municipal utility sectors, delivering what it describes as innovative, long-term clean energy solutions nationwide.
[Image credit: Madison Energy]
