FinancingClosedFebruary 18, 2026

Duffy BESS — 235 MW / 470 MWh lithium-ion battery storage, Matagorda County, Texas

DESRI signed preferred equity financing agreement with Linea Energy for Duffy BESS. Debt structure (closed December 2025) includes construction-to-term loan, tax equity bridge, and LC facility led by NORD/LB as coordinating lead arranger with Societe Generale and SMBC as joint lead arrangers.

Deal Value

235MW

Capacity

470MWh

Storage

Battery Storage

Technology

TX

Location

Deal Details

Deal Type
Project Finance
Seller / Sponsor
Linea Energy
Buyer / Financier
DESRI (D.E. Shaw Renewable Investments) — preferred equity; NORD/LB (coordinating lead arranger); Societe Generale + SMBC (joint lead arrangers)
Stage
Construction
ISO/RTO
ERCOT

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