Nuveen has closed a $546 million preferred equity investment in SunZia, the largest renewable energy infrastructure project in U.S. history that is now fully operational. The investment was made through Nuveen Energy Infrastructure Credit (EIC), the firm’s infrastructure credit investment platform and underscores continued large-scale investment momentum in the American clean-energy sector and represents a landmark transaction in clean and critical infrastructure.
This is Nuveen EIC’s largest preferred tax equity allocation to date and serves as the cornerstone for the platform’s preferred investment strategy, which Nuveen EIC is launching to provide flexible, scalable capital to the developers building the nation’s most consequential energy infrastructure. In total, Nuveen EIC’s (alongside its coinvestors’) commitments to SunZia approached $1.5 billion across four investments, reflecting the firm’s deep conviction in Pattern Energy’s expertise and sophisticat
