28 distributed BESS projects across New York City — 124 MW / 494 MWh — powering 100,000+ households at peak
Construction-to-term loan, tax-credit-transfer bridge loan, and LC facility. Natixis CIB as sole lead arranger and bookrunner. NineDot has raised $1B+ total for NYC metro battery storage. 28 BESS projects reaching COD through end 2027. Targeting 400 MW by end 2026; 1.6 GWh across 5 boroughs by 2028. 3,000+ jobs, $3.5B lifetime economic output. Prior: $65M equipment financing from First Citizens Bank (Jan 2025); $175M revolving from Deutsche Bank.
$431M
Deal Value
124MW
Capacity
494MWh
Storage
BESS
Technology
NY
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- NineDot Energy
- Buyer / Financier
- Natixis Corporate & Investment Banking
- Deal Value
- $431M
- Stage
- Under Construction
- ISO/RTO
- NYISO
Capital Structure
$431M
Total transaction value
Tranches
- Construction-to-Term Loan · Natixis CIB
- —
- Tax Credit Transfer Bridge Loan · Natixis CIB
- —
- Letter of Credit Facility · Natixis CIB
- —
Finance Counterparties
Lenders & Capital Providers
- soleLeadArranger
- Natixis Corporate & Investment Banking
- bookrunner
- Natixis Corporate & Investment Banking
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