Spearmint Energy, a next-generation renewable-energy company enabling the clean energy revolution through battery energy storage, has added Nuveen to its $200 million enhanced credit facility with Aiga Capital Partners.
Nuveen’s energy infrastructure credit team, which provides private debt and structured equity solutions to assist companies transitioning to a low-carbon economy while also ensuring energy security, joins the term loan alongside Aiga, an investment management firm providing flexible capital solutions to North America–based companies developing sustainable infrastructure assets.
The term loan supports the development of Spearmint’s 2.8-gigawatt portfolio of battery energy storage system (BESS) assets, which includes more than 1 gigawatts of projects nearing construction in Texas’ ERCOT power market, as well as Revolution, Spearmint’s 150-megawatt, 300-megawatt-hour BESS project in West Texas. Revolution, which ranks among the largest BESS proje