CIT Leads $69 Million Financing for Solar Portfolio
Published 01-22-21
Submitted by CIT
NEW YORK, January 22, 2021, 2021 /CSRwire/ -- CIT Group Inc. (NYSE: CIT) recently announced that its Power and Energy business led a $69 million financing for a portfolio of solar facilities owned and operated by Strata Solar LLC, a leading integrated solar and storage energy service provider based in North Carolina.
The 23 operating solar assets in the portfolio, a majority of which are located in North Carolina, have a combined capacity of more than 130 megawatts. Output from the solar assets is covered by purchase agreements that ensure a steady demand for the renewable power they generate.