Nexus Renewables closes multiple financings totaling over USD40 Million

Toronto, Canada - June 12, 2023 - Nexus Renewables Inc. ("Nexus", or "the Company"), a leading North American developer of renewable power projects and energy storage solutions, today announced the concurrent closing of (i) a USD13.3 million senior secured loan led by Aiga Capital Partners ("Aiga"), (ii) a USD14.5 million project-level financing led by Synovus Bank ("Synovus"), (iii) a CAD5.0 million commitment for privately-placed preferred shares, and (iv) a USD10.8 million tax equity commitment led by Greenprint Capital ("Greenprint"). Proceeds from the financings will be used to construct a 10MW/40MWh battery energy storage system (BESS) located in Fairfield, California, and advance development on the remainder of the Company's portfolio, which includes a 300MW/600MWh BESS project located near Houston, Texas…