Natixis has announced the closing of two separate financings in support of the Project Slate, a solar plus storage project being constructed in California.
Project Slate is owned by Goldman Sachs Renewable Power (GSRP), an investment company managed by the Renewable Power business within Goldman Sachs Asset Management.
In June 2021, Natixis acted as administrative agent and joint lead arranger on $515.9m senior secured credit facilities to Project Slate. Earlier, Natixis acted as sole lead arranger for a $150m equity bridge loan, the proceeds of which will be used to fund GSRP’s equity contribution into Project Slate.