Agilitas Energy Secures $100 Million Debt Financing from Nomura Securities International, Inc. for Solar and Energy Storage Expansion

Agilitas Energy, a leading integrated developer, builder, owner, and operator of distributed energy storage and solar photovoltaic (PV) systems in the northeastern U.S., has announced the successful closure of a $100 million debt financing deal with Nomura Securities International, Inc. The financing is aimed at facilitating the company’s growth initiatives and nationwide expansion efforts.

Nomura Securities International, Inc. acted as the sole bookrunner and lead arranger, with Nomura Corporate Funding Americas, LLC serving as the administrative agent for the deal. Additionally, there’s a provision for potential further upsizing to $200 million upon the completion of specific projects.

This strategic financing milestone will accelerate Agilitas Energy’s plans to construct more than 250 megawatts (MW) of solar and energy storage projects over the next three years. The company currently has over one gigawatt (GW) of renewable energy and energy storage projects in development and construction phases across the United States, with plans for rapid expansion through greenfield origination, acquisitions, and strategic partnerships.

Michael Slattery, Chief Financial Officer of Agilitas Energy, emphasized the significance of this financing arrangement as a testament to the company’s value proposition and integrated approach. He expressed gratitude for the recognition and trust extended by Nomura, highlighting its potential to catalyze Agilitas Energy’s growth trajectory across various asset classes and geographical regions.

The funds secured will be utilized to advance the construction of Agilitas Energy’s existing project pipeline while actively pursuing additional solar, standalone storage, and hybrid projects nationwide. Upon completion, these energy assets will be owned and operated by Agilitas Energy and AB CarVal’s joint venture, established in 2022, with AB CarVal remaining a strategic investor in Agilitas Energy.

Vinod Mukani, Global Head of Nomura’s Infrastructure & Power Business, underscored the firm’s commitment to collaborating with top-tier developers like Agilitas Energy to deliver tailored financing solutions. Alain Halimi, Managing Director of Nomura’s Infrastructure & Power Business, echoed this sentiment, expressing anticipation for the partnership’s role in facilitating Agilitas Energy’s rapid portfolio expansion in the U.S.

Agilitas Energy’s core competencies encompass project origination, development, engineering, financing, construction, and asset management, including revenue optimization through energy storage. The company leverages proprietary models, such as the Intelligent Power Dispatch, to forecast and optimize revenue by predicting market conditions in energy markets.

In summary, the collaboration between Agilitas Energy and Nomura signifies a significant step forward in advancing renewable energy deployment and storage infrastructure across the United States.