Madison Energy Infrastructure, a leading distributed generation developer based in the United States, announced the successful closure of a USD 450 million (EUR 421m) construction-to-term debt facility. The funding injection is earmarked to propel the company into its next phase of growth, responding to the surging demand for renewable energy solutions.
The escalating appetite for clean energy has prompted Madison to channel the funds towards the development and deployment of projects within its network of partners, catering to both commercial and industrial customers. The financial backing comes through a collaborative effort involving Fifth Third Bank, Natixis, Societe Generale, BNP Paribas, TD Bank, Siemens Financial Services, and Forbright Bank.
Steven Cunningham, Chief Financial Officer of Madison, emphasized the significance of this commitment as an extension of their longstanding successful relationships with key partners, including Fifth Third, Natixis, and Societe Generale.
Madison Energy Infrastructure specializes in providing a comprehensive suite of services encompassing project development, engineering, construction, financing, and long-term asset management. With a portfolio exceeding 500 MW of clean energy assets spread across more than 25 states in the US, the company is strategically positioned to contribute to the ongoing transition towards sustainable and renewable energy solutions.