Meridian Capital announced today it has closed a $1.2 billion structured finance facility supporting a utility-scale renewable energy developer’s expansion across the Gulf region.
The transaction was structured jointly with Meridian Sustainability’s engineering team, which conducted technical due diligence on the underlying solar and battery storage assets — an increasingly common pattern where Capital and Sustainability co-underwrite infrastructure deals.
“We can move faster than a standalone lender because our own engineers are in the room during diligence, not just our credit analysts,” said a Meridian Capital managing director involved in the transaction.
This is Meridian Capital’s largest single project finance transaction of the fiscal year to date.