Crux Secures $500M Nuveen Facility to Scale Clean Energy Tax Equity

Crux, a clean economy platform, announced the closing of a $500 million debt financing facility with Nuveen Energy Infrastructure Credit. The program will scale Crux’s role as a general partner in tax driven investment strategies, including hybrid tax equity transactions, across a broad portfolio of U.S. investments.

Crux anticipates continuing to commit capital alongside institutional partners, servicing a growing clean energy tax equity market that reached approximately $36.6 billion in 2025, a 23% increase from 2024, according to the company.

Since launching its tax and preferred equity offering, Crux has facilitated over $1 billion in signed term sheets to date, with more than $9 billion in indications of interest issued. Deals include a $340 million tax equity investment for Origis Energy to support a 413 MWdc utility-scale solar project in Texas, and $244 million in tax equity capital for Summit Ridge Energy to support an approximately 200 MWdc portfolio of distributed solar projects across Illinois.

“We founded Crux to unlock bottlenecks in the financing of clean and critical infrastructure, and this facility marks a major milestone in that mission,” said Alfred Johnson, co-founder and CEO of Crux. “With this facility, we are well positioned to invest at the speed and volume the current moment demands.”

“Crux has built an innovative platform at the forefront of the renewable energy and sustainable infrastructure markets,” said Don Dimitrievich, Head of Nuveen Energy Infrastructure Credit.

Skadden, Arps, Slate, Meagher & Flom LLP served as legal advisor to Crux, and Milbank LLP served as legal advisor to Nuveen.