Spearmint Energy attracts new investor
- Admin
- Jul 22, 2024
- 1 min read
Battery energy storage developer Spearmint Energy has secured a US$200m enhanced credit facility with Elda River Capital Management, Nuveen’s Energy Infrastructure Credit team, and Aiga Capital Partners. The term loan supports the development and operation of Spearmint’s 4.1GW portfolio of battery energy storage systems, including projects in Texas’ ERCOT power market and the Revolution BESS project in West Texas. Elda River praised Spearmint for its leadership in developing utility-scale BESS projects, while Spearmint's CFO, Cory Magnuson, expressed pride in welcoming Elda River as a financing partner.
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