/PRNewswire/ CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as sole lead arranger for $67.8 million in financing for.
CIT Serves as Coordinating Lead Arranger for Approximately $200 Million Illinois Solar Financing
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NEW YORK, May 27, 2021 /PRNewswire/ CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger for approximately $200 million in financing for the 149-megawatt Big River solar power project in White County, Illinois.
The project sponsor is D. E. Shaw Renewable Investments (DESRI), a leading provider of cost-effective renewable energy across North America. DESRI is part of the D. E. Shaw Group, a global investment and technology development firm with more than $55 billion in investment capital.
CIT Serves as Coordinating Lead Arranger on $84 Million Financing for Texas Solar Project
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NEW YORK, April 28, 2021 /PRNewswire/ CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger on a $84 million financing for a new 140-megawatt solar farm in Fort Bend County, Texas.
Cutlass Solar is a utility-scale project to be built about 40 miles southwest of Houston. Its sponsor, Advanced Power, is a leader in power generation with numerous projects in the U.S., Canada and Europe. The Cutlass Solar project is the first project of Advanced Power s +1 GW solar development pipeline to reach financial close and will add significantly to the renewable generation capacity in the Greater Houston area, said Jonathan Winslow, COO of Advanced Power Development. We have worked successfully with CIT on multiple project financings, so we were confident in their capabilities when w
CIT Leads $69 Million Financing for Solar Portfolio
Published 01-22-21
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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.