NEW YORK, June 6, 2025 /PRNewswire/ — Onyx Renewables (Onyx), a leading provider and owner of localized clean energy solutions, today announced the closing of a $260-million credit facility to support the growth of Onyx’s portfolio of distributed energy projects across the U.S.
The senior secured facility, which may be increased to $350 million, is comprised of a term loan, revolving line of credit, and a $10-million Letter of Credit facility that will directly support the ongoing construction and operation of Onyx’s clean energy infrastructure projects, including onsite solar PV and battery storage. These installations are expected to deliver both immediate and long-term benefits to a broad range of customers through energy cost savings, operational resiliency during outages, and reduced carbon emissions.
