Funding and M&A Roundup: BESS Developer NineDot Raises $225 Million

ReNew refinances $325 million non-convertible debentures

January 17, 2024

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NineDot Energy, a developer of community-scale battery energy storage systems (BESS), has secured a $225 million equity capital commitment from Manulife Investment Management along with their existing institutional equity investor, Carlyle. The new equity funding, which Manulife Investment Management led with a $135 million commitment, is expected to enable NineDot to advance its project pipeline in the New York City area and explore opportunities for geographic expansion and potential acquisitions.

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