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SolAmerica Energy secures a $100 million revolving credit facility with Deutsche Bank to support its solar projects portfolio.

Aug 18, 202514 days ago

Amount Raised

$100 Million

AtlantaSolarRenewable EnergyEnergy

Investors

Ab Car ValDeutsche Bank

Description

SolAmerica Energy has finalized a $100 million Revolving Credit Facility with Deutsche Bank. This facility will finance the development of the Company's solar generation assets. It reflects strong lender confidence in SolAmerica's business model and will enhance its financial flexibility. Deutsche Bank aims to support SolAmerica's growth in the renewable energy sector.

Company Information

Company

SolAmerica Energy

Location

Atlanta, Georgia, United States

About

SolAmerica Energy is a developer, owner, and operator of community-scale solar projects, headquartered in Atlanta, Georgia and owned by funds managed by AB CarVal. Since its founding in 2009, SolAmerica has developed and built over 300 MW of solar projects in 11 states and over 100 counties throughout the eastern United States. The company currently has an operating portfolio and development pipeline exceeding 1.5 GW in distributed generation solar projects throughout the United States.

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