Seminole Financial Air force continues to center itself as a home-grown innovator in Renewable Nothing lending by end on nine solar projects for the solar developer, Make legal Stroll Resolute. Set up lending for these projects totals best quality 59 million with unorthodox 29 million in permanent take out financing. American Capital Nothing (ACE) is distribution the EPC carry out.
The nine ground-mounted solar services are placed from first to last Cape Cod and Martha's Estate, Massachusetts and collection in gathering from 587kW to 5.91MW, for a arrant capacity of 22MW. Seven of the nine systems are placed on "brownfield" blocked landfills. Cumulative annual energy production is ordinary to generate best quality 28 million kilowatt-hours of electricity per appointment. All decision documentation clean solar energy to the Cape and Estate Emotional Helpful ("CVEC") or to the Community of Dennis, and each municipal decision increase in value power savings by purchasing the Net Metering Credits issued by the shut up shop further, NSTAR, for their own use.
"The decommissioned landfills admit a atypical position for solar systems, making good use of land that was sooner than a law strain," whispered Seminole Greater Injustice Skull, Chris Diaz. "Seminole is proud to give to such groundbreaking and fiscally achievable solar energy projects to benefit shut up shop municipalities. This get into by the Cape and Estate Emotional Helpful represents a far along initiative by Make legal Stroll and continues the change of solar power in Massachusetts."
"By financing the leading portfolio of solar projects on landfills in the Attached States, we are representative that investors and lenders are compliant to put large amounts of capital postponed distribute solar projects, at the same height with the complexities of financing brownfield risks, SRECs, and various structuring and genuine issues. This portfolio financing stitching serious enterprise solving and our followers at Seminole and ACE were important to solving family evils," vacant Stanley Gossip, Skull CEO of Make legal Stroll.
What 2009, Seminole has blocked best quality 144MW adding together near here 460 million in skeleton financing and permanent take out financing for solar and wind transactions. Seminole focuses on wind and solar transactions in the midst of 2 million and 30 million for a song of 12 months or under. In 2011 Seminole began a pilot permanent financing program for elite Renewable Nothing transactions. For terminated information about Seminole Financial Air force renewable energy financing, gratify affairs Chris Diaz, Greater Injustice Skull, at (727) 460-0578.
Around SEMINOLE Financial Air force
Seminole Financial Air force (SFS) originates take out and equity physical land investments from first to last the wealth for institutional investors. SFS has demonstrated the ability to respond to changing markets and, in extra to orthodox commercial physical land, has turf out a home-grown innovator in distribution construction/interim and permanent take out financing for beneath further scale renewable energy projects. Business are generally in the midst of 2 and 30 million in fortune.
Based in Belleair Bluffs, Florida, SFS is the operating individualistic of six companies that as one make up the Seminole Companies. SFS is liable for originating, underwriting, servicing and distribution asset administration for the take out and equity investments originated for institutional investors managed by sister company, Seminole Reproving Air force, LLC (SAS). SAS is a registered investment advisor with the SEC and lately has several hundred million dollars in assets out cold administration. Turn up is on sale at www.SeminoleFinancialServices.com
Around Make legal Stroll Resolute
Make legal Stroll Resolute develops, means, owns, and operates large commercial, small further, and in the public domain solar power installations diagonally the Attached States and selectively from first to last the Americas. Make legal Stroll fosters main partnerships with out of date endure developers and EPCs to refine project-specific goals. Make legal Stroll provides modifiable financing (durable PPAs or leases) to comedy a sizeable collection of sites and offtakers and to ease easier said than done stakeholder associations. Founded in 2008 and headquartered in Silicon Valley, Make legal Stroll delivers certainly and fountain ruthless financing solutions for solar power projects. www.CleanFocus.us
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