A Boston-based solar and storage developer, BlueWave has secured $247 million in new financing to expand its solar and storage portfolio. The funding includes a $125 million revolving construction-to-term loan and a $122 million corporate revolving credit facility. KeyBank, National Bank of Canada, and Canadian Imperial Bank of Commerce, New York branch, have led the financing. Axium Infrastructure supported the transaction as BlueWave’s parent company. The construction facility provides tax equity bridge loans and initial term debt. The corporate facility is designed to enhance operational flexibility and scale project development. National Bank of Canada joined as a new financial partner, while CIBC increased its participation. KeyBank remained a key lender across both facilities. Legal advisors included Norton Rose Fulbright, Foley Hoag, King & Spalding, Winston & Strawn, and Latham & Watkins. The funding supports distributed-generation community solar and storage projects.Earlier, BlueWave expanded into agrivoltaics with active solar farm sites.