MN8 Energy LLC raised $325M in a private placement led by Mercuria Energy Group and Ridgewood Infrastructure to fund expanded operations and growth.
MN8 Energy LLC raised $325M in a private placement led by Mercuria Energy Group and Ridgewood Infrastructure to fund expanded operations and growth.
04/01/24, 12:42 PM
Location
new yorkMoney raised
$325 million
Industry
solar
renewable energy
energy
Investors
Ridgewood Infrastructure, Mercuria Energy Group
MN8 Energy LLC announced the closing of its private placement, with gross proceeds of $325 million from the issuance and sale of shares of the Company's convertible preferred stock. The proceeds will be used to fund the Company's expanded operations and growth.
Company Info
Location
new york, new york, united states
Additional Info
MN8 Energy serves enterprise customers on their journey to an electrified, decarbonized world by providing renewable energy and related services. With a more than 3.2 gigawatt solar fleet comprised of over 875 projects across 28 states, over 270 megawatts of battery storage projects, and EV charging solutions, MN8 is one of the largest and most sophisticated independent solar energy and energy storage power producers in the U.S.