Macquarie Asset Management has announced a $450 million bilateral financing facility for Sandow Lakes Energy Station (SLES) to support the construction of a 1.2-gigawatt combined cycle gas turbine (CCGT) project in Lee County, Texas. The financing will enable SLES to secure essential long-lead equipment, including two Siemens SGT6-9000HL gas turbines, to advance development of a large-scale energy asset designed to power energy-intensive infrastructure.
The project addresses a critical challenge in the U.S. energy landscape: the exponential growth of digital infrastructure is driving a surge in electricity demand. With power grids under pressure to balance intermittent renewable generation, CCGT projects like SLES are becoming vital for maintaining reliability and ensuring a consistent energy supply.
Macquarie structured a bespoke facility that enables SLES to align procurement and site work with the pace of digital infrastructure development, providing customers with greater certainty about power availability. The financing highlights Macquarie’s growing presence in infrastructure debt and its focus on strategic partnerships across essential energy and digital projects.
Macquarie Asset Management’s Credit & Insurance division manages approximately $222 billion in assets and has more than $40 billion in private credit assets under management. The division provides flexible financing solutions across the liquidity, risk, and return spectrum, targeting critical infrastructure that supports global growth and decarbonization.
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“We are excited to deliver a financing solution that addresses the unique challenges of today’s power and digital infrastructure markets. This $450 million facility reflects the continued strategic expansion of our U.S. infrastructure debt business as we continue to establish the Credit & Insurance division as a global leader in the essential asset-based credit market.”
Harlan Cherniak, Head of Americas Infrastructure Debt, Macquarie Asset Management
“This transaction underscores our commitment to supporting experienced management teams and sponsors with innovative solutions that enable the growth of digital infrastructure. Our extensive infrastructure expertise makes us the logical partner to provide a financing solution that addresses the unique demands being placed on the electric grid.”
Matthew Sweeney, Managing Director, Macquarie Asset Management
