Funding and M&A Roundup: Navisun Raises $235 Million for Solar Projects

Scale Microgrids raises $225 million to expand distributed energy solutions

March 15, 2023

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Navisun, an independent power producer, announced it has secured up to $235 million in debt financing through two facilities. The funding will support the company’s growth strategy, allowing it to execute its project pipeline of distributed and small utility-scale solar and storage projects across the United States. The funding was led by MUFG, which acted as an administrative agent, issuing bank, and coordinating lead arranger. Export Development Canada served as the mandated lead arranger for both facilities.

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