Tag: financing
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Sol-REIT sets goal to raise $175 million to fund community solar projects by 2025
Sol-REIT has joined the Department of Energy’s National Community Solar Partnership (NCSP) as part of the firm’s commitment to fund more than $175 million in community solar projects by 2025. For solar developers with projects at or beyond their notice to proceed, Sol-REIT provides construction capital and/or permanent debt that matches an asset’s operational life……
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Seminole, Blackstone Finance 55 MW Revity Energy Solar Project in Rhode Island
Seminole Financial Services, in partnership with Blackstone Credit, has closed a $104 million debt facility to provide financing for the construction of a 55 MW Rhode Island solar project. This transaction represents the 16th project Seminole has financed for the developer, Revity Energy LLC, and its affiliates, which develop, construct, own and operate renewable energy generation facilities ranging in size from 250 kW to more than 55 MW. Since 2010, Revity has successfully developed and……
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EnergyLink launches funding platform to develop sustainable energy infrastructure
EnergyLink Decarbonization Solutions (ELDS) has launched a vertically integrated funding platform that will focus on providing a full suite of services and capital from engineering design through operations to the sustainable infrastructure sector. Thematic focus areas of the platform include but are not limited to solar, battery storage, energy efficiency, hydrogen, renewable natural gas and industrial decarbonization,……
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Orka resolves to solve C&I solar financing for independent installers
It’s that time of year when resolutions are formed, and often fail soon thereafter. For Ted Fawcett, cofounder and CEO of commercial solar lender Orka Finance, resolutions began not with the start of a new year, but with the end of a sabbatical. He resolved to create a business that addressed a meaningful problem in……
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New year, new utility rates: How solar PPAs protect businesses from inflation
It’s no secret that inflation has impacted our cost of living – and the cost of doing business. We are now seeing the ripple effect beyond our eggs at the grocery store and into nearly everything, including electricity rates throughout the nation. In the Northwest, Oregon’s PacifiCorp Utility is expected to increase rates by 6.8%….…