We’re excited to announce the closing of NineDot’s first-ever tax equity financing of over $40 million. This transaction was facilitated by Monarch Private Capital, and involves seven battery storage projects in the New York City region. With this transaction, NineDot receives new equity capital, while our investing partner can use the related tax credits to reduce their future tax liabilities. With over 50 projects in development, construction and operation, NineDot will use this capital infusion to support our growing pipeline. NineDot Energy has now secured approximately $450 million to acquire, develop and operate battery storage sites across the NYC metro area. Learn more: https://lnkd.in/e9E8rd_n #EnergyStorage #ITC #CleanEnergy #Sustainability #SustainableEnergy #NYCCleanEnergy #BatteryStorage #TaxEquity
Fantastic update ??
Onward and upward! Awesome news.
Congrats to the team!
Kudos David Arfin and the entire team!
Congratulations!
Congrats!
President at Endurant Energy
1 个月Congratulations David, another great milestone for you and the team in developing the largest BESS platform in NYC. We are proud to support NDE and be part of it.