New York, NY (July 1, 2026) – Nuveen, a global investment leader managing $1.4 trillion in assets under management1, today announced the closing of a $546 million preferred equity investment in SunZia, the largest renewable energy infrastructure project in U.S. history that is now fully operational. 

The investment was made through Nuveen Energy Infrastructure Credit (EIC), the firm’s infrastructure credit investment platform and underscores continued large-scale investment momentum in the American clean energy sector and represents a landmark transaction in clean and critical infrastructure.

At $546 million, this is Nuveen EIC’s largest preferred tax equity allocation to date and serves as the cornerstone for the platform’s preferred investment strategy, which Nuveen EIC is launching to provide flexible, scalable capital to the developers building the nation’s most consequential energy infrastructure. In total, Nuveen EIC’s (alongside its coinvestors’) commitments to SunZia approached $1.5 billion across four investments, reflecting the firm’s deep conviction in Pattern Energy’s expertise and sophistication to manage a project of this scale and magnitude and do so on-time and on-budget.

Developed by Pattern Energy, SunZia comprises a 3,650-megawatt (MW) wind project and a 550-mile high-voltage direct current (HVDC) transmission line delivering low-cost, American-made energy from New Mexico to Arizona and to customers across the western grid. The project generates and delivers more power than the Hoover Dam and, at full capacity, will deliver enough energy to power approximately one million American homes annually. By pairing large-scale generation with interregional transmission, SunZia addresses one of the central challenges facing the energy sector: not only building energy generation, but also the grid infrastructure needed to deliver that power across the country.

You can now read the full press release at the link below