Spearmint Energy, a next-generation renewable-energy company enabling the clean energy revolution through battery energy storage, has added Elda River Capital Management, a real assets investment firm focused on energy transition and infrastructure opportunities, to its $200 million enhanced credit facility alongside Nuveen’s Energy Infrastructure Credit team and Aiga Capital Partners.
The term loan supports the continued development and operation of Spearmint’s 4.1-gigawatt portfolio of battery energy storage system (BESS) assets, which includes more than 1 gigawatt of projects nearing construction in Texas’s ERCOT power market and Revolution, Spearmint’s 150-megawatt/300 megawatt-hour BESS project in West Texas. The loan will also support the continued expansion of Spearmint’s project development pipeline across the United States.
“We are proud to welcome Elda River as a financing partner as we continue growing our BESS portfolio and developing our projec
