SolaREIT™, a leading renewable energy real estate #investment firm, has announced the successful closure of a revolving #credit facility with Atlantic Union Bank (AUB). This agreement provides #SolaREIT™ with an additional $30 million in liquidity, bolstering its capacity to scale operations and extend #financing solutions to #solar and #storage developers. Notably, this marks the second revolving credit facility established with #AUB, following a previous $15 million arrangement unveiled last year. SolaREIT™’s innovative #financingmodel offers robust options for solar and #batteryenergystoragesolution (BESS) developers and landowners alike. #SolaREIT #RenewableEnergy #RealEstateInvestment #SolarPower #BatteryEnergyStorage #Finance #Sustainability #AtlanticUnionBank #CleanEnergy #Innovation Read more: https://lnkd.in/d4myUpt8
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SolaREIT Expands Financing Reach with $30 Million Credit Facility from Atlantic Union Bank, Bolstering Clean Energy Development Nationwide SolaREIT™, a leading renewable energy real estate investment firm, has announced the successful closure of a revolving credit facility with Atlantic Union Bank (AUB). This agreement provides SolaREIT™ with an additional $30 million in liquidity, bolstering its capacity to scale operations and extend financing solutions to solar and storage developers. Notably, this marks the second revolving credit facility established with AUB, following a previous $15 million arrangement unveiled last year. SolaREIT™’s innovative financing model offers robust options for solar and battery energy storage solution (BESS) developers and landowners alike. Laura Klein, CFO of SolaREIT™, expressed enthusiasm about the renewed partnership […] Read the full story here: https://lnkd.in/d4myUpt8 #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #atlanticunionbank #cleanenergy #europe #northamerica #solareit
SolaREIT Expands Financing Reach with $30 Million Credit Facility from Atlantic Union Bank, Bolstering Clean Energy Development Nationwide
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🎉SolarBank NEWS #SUUN:NASDAQ / #SUNN:CBOE NEWS🎉 🎯US$2.6 Million Loan Secured by SolarBank for Geddes Project🎯 ✅TORONTO, June 24, 2024 ✅US$2.5 Billion in capital for Renewable Energy projects across the United States has been directly funded by the lender - Seminole Financial Services 3.79 MW Geddes Project is largest project to date to be owned by SolarBank Over 500 homes expected to be provided with green energy once operational ✅This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated May 23, 2024 to its short form base shelf prospectus dated May 2, 2023 TORONTO, June 24, 2024 /PRNewswire/ - SolarBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the Company") announces that it has entered into a loan agreement with Seminole Financial Services, LLC ("Seminole") for an initial US$2,600,000 construction to mini-perm loan (the "Loan") that will be used to complete construction of the Geddes Project located in Upstate, New York (the "Project"). Seminole was founded with the goal of financing Renewable Energy and Real Estate projects. To date, Seminole has directly funded over US$2.5 Billion in capital for Renewable Energy projects across the United States. ✅The Project is expected to become operational and being producing power during the third quarter of 2024 and the Company will own and operate the Geddes project. The Project which has a designed capacity of 3.79 megawatts (MW) DC is repurposing a closed landfill, addressing two critical challenges: the need for clean energy and the transformation of contaminated sites into valuable assets........ 👉Full PR https://bit.ly/4eCYr5O 👉Visit Them www.solarbankcorp.com #esg #esginvesting #solar Todd D. Sonoga Wade Madden JACK STEWART Marlon Timkang Konstantin Lisovskiy
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Equis Australia and Victoria’s State Electricity Company (SEC) have secured a $400 million non-recourse debt financing package for a grid-scale battery energy storage system (BESS). The two companies hailed the ‘landmark debt transaction’ as the first financial close of a 4-hour BESS in Australia’s National Electricity Market (NEM). The Melbourne Renewable Energy Hub (MREH), co-owned by Equis Australia and SEC, secured the debt package from a lending syndicate comprised of Export Development Canada | Exportation et développement Canada, Societe Generale, Standard Chartered, and Westpac (MREH Debt Financing). The MREH debt financing will finance the construction of the 200MW/800MWh BESS project which the SEC will be responsible for operating. With a total capacity of 600MW across three projects, including the operational MREH A3, the initiative stands as Australia’s most extensive BESS development upon completion. “We have found the equity partnership model to be a very effective vehicle for government industry collaboration to bring forward renewable energy projects,” said David Russell, co-founder and Managing Director of Equis. “We think this model should be considered by other state governments because it allows their investments to earn sustainable returns that can be reinvested in further renewable energy initiatives.” Russell added that Equis has a ‘strong pipeline of projects underway’ and has already completed 116 solar projects and 76 wind projects across eight Asia Pacific countries (including Australia) totalling 15.4GW for Equis Energy (now Vena Energy) and a further 2.2GW across other platforms. Equis is also currently developing over 60 renewable and waste-to-energy assets across Australia, Japan, and Korea. #cleanenergy
Equis Australia secures financing package for BESS project in Victoria
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Arevon Energy, Inc. has successfully secured over $1 billion in financing commitments for its #Eland 2 Solar-plus-Storage Project in Kern County, #California. Combining a 374-megawatt solar installation with 150 MW/600 megawatt-hours of #energystorage, the project is in the early stages of construction, targeting operation by Q1 2025. The financial support includes a $431 million tax equity commitment from Wells Fargo and $654 million in debt financing, encompassing a construction-to-term loan, a tax equity bridge loan, and letter of credit facilities. This significant investment will further propel the project towards its #cleanenergy goals. #ArevonEnergy #Eland2Project #SolarEnergy #EnergyStorage #RenewableFinance #SustainableDevelopment #CaliforniaSolar #CleanEnergyInvestment #WellsFargo #RenewablePower #California Read more: https://lnkd.in/dJpUmX7U
Arevon Secures Over $1 Billion Financing for Eland 2 Solar-plus-Storage Project in California, Cementing Leadership in Renewable Energy Industry
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How did Green Funding get started? Our Founder was shocked at how much the cost of energy was increasing and impacting small to medium businesses. So decided to research funding options to see what was available for the small to medium business market. Here is what was on offer: - Mezz lenders that offer low-doc loans up to $150k with just a directors guarantee (at mezz rates - one example 19% plus fees). - Major lenders (banks etc) fund select renewable energy and sustainability assets via asset finance based solely on historical financials (with some even requiring property security). - On-site PPA - system is installed on your site 'free' of charge and you are billed for the power that the system generates for the 15 year contract. Any energy that you need that the panels don't provide you buy from their energy retailer at the market rate. These agreements often have very high exit fees and do not have any price reset mechanism. During this process, our Founder questioned why renewable energy generation and building sustainability upgrades are treated as expenses instead of the Assets they are? These Assets can save significant money and some produce an additional income stream however any potential benefit was not being accounted for in funding assessments. So the hunt began to find funding partners to help fund the green transition. Fortunately, we secured funding partners that want to work with us to fund the transition to lower energy costs. Even if you don't believe in climate change, chances are you'll want to save money on energy costs. When you are ready to become more profitable, reach out. #renewables #sustainability #solar #batteryenergystorage #wind #renewableenergy #bess #solarenergy #evcharging #evcharginginfrastructure
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🎉SolarBank NEWS #SUUN:NASDAQ / #SUNN:CBOE NEWS🎉 🎯US$2.6 Million Loan Secured by SolarBank for Geddes Project🎯 ✅TORONTO, June 24, 2024 ✅US$2.5 Billion in capital for Renewable Energy projects across the United States has been directly funded by the lender - Seminole Financial Services 3.79 MW Geddes Project is largest project to date to be owned by SolarBank Over 500 homes expected to be provided with green energy once operational ✅This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated May 23, 2024 to its short form base shelf prospectus dated May 2, 2023 TORONTO, June 24, 2024 /PRNewswire/ - SolarBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the Company") announces that it has entered into a loan agreement with Seminole Financial Services, LLC ("Seminole") for an initial US$2,600,000 construction to mini-perm loan (the "Loan") that will be used to complete construction of the Geddes Project located in Upstate, New York (the "Project"). Seminole was founded with the goal of financing Renewable Energy and Real Estate projects. To date, Seminole has directly funded over US$2.5 Billion in capital for Renewable Energy projects across the United States. ✅The Project is expected to become operational and being producing power during the third quarter of 2024 and the Company will own and operate the Geddes project. The Project which has a designed capacity of 3.79 megawatts (MW) DC is repurposing a closed landfill, addressing two critical challenges: the need for clean energy and the transformation of contaminated sites into valuable assets........ 👉Full PR https://bit.ly/4eCYr5O 👉Visit Them www.solarbankcorp.com #esg #esginvesting #solar
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Sonnedix has secured a €260M green loan for renewable energy growth in #Italy, marking a key step in the energy transition. With this move, Sonnedix strengthens its position in the Italian solar market, financing two photovoltaic plants in Sicily and Sardinia, and an existing operational asset. A consortium of banks supports this deal, highlighting the importance of collaboration in advancing sustainable energy. #RenewableEnergy #GreenFinance #SolarPower #Sustainability #EnergyTransition https://lnkd.in/e2-pQ5-e
Sonnedix Secures €260 Million Green Loan for Major Renewable Energy Expansion in Italy, Continuing Commitment to Energy Transition
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Have you considered installing renewable energy systems for your rural business, but the investment is just too much? Well, there’s a loan for that! 💸 North Avenue Capital offers tailored financing options for your rural small business to upgrade, replace, or construct renewable energy systems, including solar, wind, and biomass. ☀️💨🌱 👉 Advantages of a USDA Rural Energy for America Program (USDA REAP) loan from NAC include: · Longer Amortization · Lower Interest Rates · Property Tax Benefits · Large loan amounts (up to $25 million) · Finance up to 80% of Eligible Project Costs · USDA-Backed Loan Program We are America’s rural lender; see for yourself why businesses nationwide continue to choose North Avenue Capital. For renewable energy financing, Look North. 🧭 Learn more about USDA REAP Loans from NAC. ⤵️ https://lnkd.in/d9PCN65f … #looknorth #usda #usdabusinessloans #usdareaploans #usdareap #reaploans #reap #usdaloanprograms #rural #ruralamerica #ruralenergy #renewableenergyloans #renewableenergyfinancing #financialservices #lending #solarfinancing #windturbinefinancing #windenergy #solarenergy
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🎉SolarBank NEWS #SUUN:NASDAQ / #SUNN:CBOE NEWS🎉 🎯US$2.6 Million Loan Secured by SolarBank for Geddes Project🎯 ✅TORONTO, June 24, 2024 ✅US$2.5 Billion in capital for Renewable Energy projects across the United States has been directly funded by the lender - Seminole Financial Services 3.79 MW Geddes Project is largest project to date to be owned by SolarBank Over 500 homes expected to be provided with green energy once operational ✅This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated May 23, 2024 to its short form base shelf prospectus dated May 2, 2023 TORONTO, June 24, 2024 /PRNewswire/ - SolarBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: GY2) ("SolarBank" or the Company") announces that it has entered into a loan agreement with Seminole Financial Services, LLC ("Seminole") for an initial US$2,600,000 construction to mini-perm loan (the "Loan") that will be used to complete construction of the Geddes Project located in Upstate, New York (the "Project"). Seminole was founded with the goal of financing Renewable Energy and Real Estate projects. To date, Seminole has directly funded over US$2.5 Billion in capital for Renewable Energy projects across the United States. ✅The Project is expected to become operational and being producing power during the third quarter of 2024 and the Company will own and operate the Geddes project. The Project which has a designed capacity of 3.79 megawatts (MW) DC is repurposing a closed landfill, addressing two critical challenges: the need for clean energy and the transformation of contaminated sites into valuable assets........ 👉Full PR https://bit.ly/4eCYr5O 👉Visit Them www.solarbankcorp.com #esg #esginvesting #solar
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Half of solar company portfolio in the UK is sold: Phase two of Bluefield Solar's cooperation with GLIL, an alliance of UK pension funds, has concluded with the sale of 50% of the company's 112 MW solar portfolio. The estimated value of the agreement is £70 million. Bluefield Solar's revolving credit facility (RCF) would drop from about £184 million to £134 million as a result of the transaction. The remainder of the money will go towards the company's ongoing building projects, which include the creation of 17 MW of new assets. #BluefieldSolar #energybills #energyconsumption #energycustomers #energydemand #energygeneration #energyinfrastructure #energymarkets #energysupplier #energysupply #energytransition #generation #GLIL #GreaterManchesterPensionFund #LightsourceBP #Lightsourcebp #NationalSecurityandInvestmentAct2021 #netzero #Renewableenergy #solarenergy #solarenergycompany #solarpower #TopStories #UKpensionfunds #UKSolar
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