Solar developer Infiniti Energy has closed an $82.9 million structured finance facility with Fifth Third Bank, acting as administrative agent, to support a growing portfolio of commercial solar projects slated for construction this year.
The construction facility is being financed through Fiera Private Debt, and Flagstar Bank is providing the tax equity.
The financing will support the development, construction and operation of 21 MW of commercial and industrial (C&I) solar projects located in New Jersey, California and Illinois. Infiniti Energy will build, own and operate all sites under power purchase agreements with a diverse group of solar offtakers, including retail, commercial and industrial clients.
“The Infiniti team is excited to build on our expanding partnership with Fifth Third Bank and welcome the opportunity to work with Fiera and Flagstar to support our growing portfolio,” says Michael Kushner, Infiniti Energy CEO. “The projects that Infiniti owns and operates continue to generate affordable and sustainable solar energy for our clients while contributing to our country’s renewable transition.”
Development of the projects is already under way, and completion of the portfolio is expected this year.
The post Infiniti Energy Nets Financing to Support Solar Pipeline appeared first on Solar Industry.
I get a call every week or so from someone working for a start-up in oil exploration, hoping that I’ll invest. I guess my name and cell number got collected somehow from various online searches I’ve made.
I’m always quick to explain, “Oh, sorry, I don’t support wrecking the planet, even if I can profit from it. Neither should you. Bye now.”
I wish this were true, but most of these people don’t have passports, and many of them can’t afford to bus ticket to a neighboring county in West Virginia, Alabama, etc.
Wish There Were Better News, but Trump Supporters Aren’t Leaving
To the reader who sent me this: I’m with you, except that I occasionally turn on Fox News so as to understand what these people are feeding to their audience of hateful morons.
-
Greenhouse Gases2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Climate Change1 year ago
Guest post: Why China is still building new coal – and when it might stop
-
Greenhouse Gases1 year ago
Guest post: Why China is still building new coal – and when it might stop
-
Climate Change2 years ago嘉宾来稿：满足中国增长的用电需求 光伏加储能“比新建煤电更实惠”
-
Renewable Energy11 months agoSending Progressive Philanthropist George Soros to Prison?
-
Climate Change2 years ago
Bill Discounting Climate Change in Florida’s Energy Policy Awaits DeSantis’ Approval
-
Greenhouse Gases1 year ago
嘉宾来稿：探究火山喷发如何影响气候预测
-
Carbon Footprint2 years agoUS SEC’s Climate Disclosure Rules Spur Renewed Interest in Carbon Credits