XPLR Infrastructure $232M Limited-Recourse Term Loan — battery storage JV portfolio financing (four JVs with NextEra Energy Resources, ~200 net MW contracted capacity)
XPLR Infrastructure (NYSE: XIFR) indirect subsidiaries enter into a $232M limited-recourse senior secured variable rate term loan facility (~$27M still available to draw) to fund the four battery storage JVs announced March 26, 2026 (49% co-investment with NextEra Energy Resources, ~$315M total commitment). This is the second tranche of project-level debt, following a $174M draw on March 27. Combined ~$406M in project-level limited-recourse debt backs ~200 net MW of long-term contracted battery storage capacity.
$232M
Deal Value
200MW
Capacity
Battery Storage
Technology
Multi-state
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- XPLR Infrastructure LP (formerly NextEra Energy Partners)
- Buyer / Financier
- Undisclosed lenders (limited-recourse senior secured)
- Deal Value
- $232,000,000
- Stage
- Development / Construction
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