Agilitas Energy Secures $100 Million from Nomura to Drive National Expansion of Renewable Energy and Storage Platform

Agilitas Energy, a leading integrated developer, builder, owner, and operator of distributed energy storage and solar photovoltaic (PV) systems in the northeastern U.S., secured $100 million in debt financing. This capital infusion will fuel Agilitas Energy’s growth trajectory and support its ongoing national expansion. The transaction was facilitated by Nomura Securities International, Inc., which served as the sole bookrunner and lead arranger. Additionally, Nomura Corporate Funding Americas, LLC played a crucial role as the administrative agent. Notably, the funding capacity may be further increased to $200 million upon the successful completion of specific projects.

The recent financing marks a strategic milestone for Agilitas Energy, propelling the company’s ambitious expansion in solar and energy storage projects. Over the next three years, Agilitas Energy aims to construct more than 250 megawatts (MW) of capacity. Currently, the company is actively developing and building over one gigawatt (GW) of renewable energy and energy storage projects across the United States.

The recently secured funds will serve a dual purpose for Agilitas Energy. Firstly, they will be utilized to advance the construction of the existing project pipeline. Secondly, the company will maintain an active focus on acquiring and developing solar, standalone storage, and hybrid projects nationwide. Once these energy assets are operational, they will fall under the ownership and operation of the joint venture established in 2022 between Agilitas Energy and AB CarVal, a well-established global alternative investment manager.

“This debt financing and the beginning of our relationship with Nomura represents far more than the capital necessary for us to develop, build and operate the solar, storage and hybrid projects that Agilitas Energy has always excelled at,” said Michael Slattery, Chief Financial Officer, Agilitas Energy. “It signifies recognition and trust from a major multinational financial institution that Agilitas Energy offers unparalleled value through our integrated approach and will help us accelerate our growth trajectory across multiple asset classes and geographies.”

“Nomura is extremely pleased to leverage our financial and intellectual capital to partner with Agilitas as it expands its geographic footprint and business,” added Vinod Mukani, Global Head of Nomura’s Infrastructure & Power Business (“IPB”). “Creating and executing bespoke financing solutions for top notch developers, owners and operators like Agilitas is core to Nomura’s DNA, and this transaction is emblematic of our business strategy.”

“We look forward to our partnership with Agilitas Energy as the company continues to rapidly grow its portfolio of solar and storage projects across the U.S.,” commented Alain Halimi, Managing Director, Nomura’s IPB. “As a solution-oriented firm, this financing is another example of Nomura’s ongoing commitment to provide customized financing solutions to experienced developers, owners and operators.”