Madison Energy Infrastructure, a United States-based clean energy company, has announced that it successfully secured an $800 million debt facility. This landmark investment will accelerate the buildout of a nationwide clean energy grid. Accordingly, the company will expand its capacity to better fulfill the increasing customer demand. Founded in 2019, Madison Energy is dedicated to developing and operating both solar and energy storage projects. They’ve got what it takes to power the country with clean energy.
The company’s co-founder and Chief Financial Officer, Steve Cunningham, emphasized the importance of clean energy infrastructure in the economic landscape. “We believe clean energy infrastructure is a foundational part of our economic future, and this facility reflects Madison’s commitment to serving our customers and partners for decades to come,” he stated. The new debt facility would accelerate the development of additional projects to construction. It will provide backstopping for day-to-day operations, guiding Madison Energy to a significant milestone of 1 gigawatt (GW) in operating capacity.
Commitment to Clean Energy
Madison Energy Infrastructure’s dedication to providing high-quality clean energy solutions is reflected in its breadth of services. The firm provides distributed solar services and commercial / residential energy storage solutions. These services are tailored to the specific goals of local businesses, organizations and communities. Recently appropriated funding will provide a major increase for these services. This investment will help the company expand to new markets and have a deeper influence in the clean energy space.
Cunningham said she was especially excited about the kind of partnerships that were created to win these funding dollars. “We are thrilled to partner once again with Fifth Third and so many other leading institutions to bring the capital and financial certainty necessary to fuel our growth,” he said, highlighting the collaborative effort involved in securing this debt facility.
Supporting Sustainable Growth
The $800 million senior secured non-recourse debt facility—a vote of confidence in their business and the future of sustainable energy—signals that strategy’s success. Businesses and communities are under enormous stress to transition to renewable energy sources. At Madison Energy Infrastructure, we’re dedicated to a leading role in making this transition more seamless. That funding should be geared not just toward meeting short-term project needs, but long-term operating capacity.
Iwona Guier commented on the significance of this milestone: “This milestone builds on our enduring alliances with existing lenders who have been with us for many years as well as new banks as we continue to grow.” This partnership is a testament to the deep and rich network of collaborative support Madison Energy has built since its founding.
Looking Ahead
Madison Energy Infrastructure is ready to grow big as it looks to expand into more sophisticated clean energy services. The company’s strategy addresses the increasing need for renewable energy solutions. Simultaneously, it ensures consistent and quality service provision for its clients.