MN8 Energy secures $87.5 million equipment loan facility from MUFG Bank to finance solar panels and transformers for US renewable energy projects
Type: Financing · Technology: Solar · Country: United States · Value: $87.5M · Announced: 2026-05-08
MN8 Energy secured an $87.5 million equipment loan facility from MUFG Bank to finance solar panels and transformers for its US renewable energy development pipeline. The facility includes an initial funding of approximately $62 million, with an additional $25.5 million available for drawdown in late 2026, supporting the procurement of long-lead equipment ahead of construction financing. The financed equipment includes First Solar modules expected to be delivered across 2026 and 2027, as well as transformers used to safe-harbour multiple utility-scale projects. The loan will amortise as projects enter MN8’s $500 million construction warehouse, also led by MUFG. The financing enables MN8 to lock in equipment at scale, preserve eligibility for federal incentives such as the Investment Tax Credit and Domestic Content adder, and maintain efficiency across its platform towards construction. The facility supports MN8’s near-term project pipeline across WECC, PJM, and MISO regions, many of which are located in service territories experiencing rapid load growth, data centre expansion, or strong utility procurement signals.
Counterparties
- MUFG Bank (Lender)
- MN8 Energy (Borrower)