In June 2021, Natixis acted as Administrative Agent and Joint Lead Arranger on $515.9 million senior secured credit facilities to Project Slate. Earlier, Natixis acted as Sole Lead Arranger for a $150 million Equity Bridge Loan, the proceeds of which will be used to fund GSRP’s equity contribution into Project Slate.

“Together, these transactions finance debt and equity costs for the Slate Project, demonstrate our ability to service our key clients with financing products across the capital stack.” said Nasir Khan, Head of Infrastructure & Energy Finance for the Americas. “Natixis is committed to financing clean energy projects and accelerating our energy transition.”

The Slate debt construction financing marks Natixis’s second Solar plus Storage financing in the Americas in as many months and comes on the back of Clearway’s $285 million financing for its Mililani I and Waiawa solar plus storage facilities in Hawaii in May 2021, where Natixis acted as Coordinating Lead Arranger. Those transactions are among the 26 Infrastructure Finance transactions Natixis has closed in the Americas in the first half of 2021.