Seminole Financial Services, a provider of debt and tax credit equity financing for renewable energy transactions, in partnership with Blackstone Credit, closed a $104 million debt facility providing financing for the construction of a 55+MW Rhode Island solar project.
This transaction represents the 16th project Seminole has financed for this developer, Revity Energy and its affiliates. Since 2009, Seminole has committed more than $2.2 billion in construction and permanent debt financing plus tax credit equity for more than 325 solar and wind installations amounting to more than 1.1 GW in installed capacity throughout the continental U.S. and Hawaii.
With a focus on debt offerings exceeding $2 million, Seminole has financed renewable energy projects associated with numerous municipalities, utilities, and school districts, as well as large corporates such as Walmart, BJ’s Wholesale Club, Safeway and Anheuser-Busch in more than 30 states.
Seminole has built its reputation on a relationship-first approach working with developers nationwide searching for Renewable Energy financing solutions.
“Our collaboration with two best-in-class organizations – Blackstone Credit and Revity Energy– gives Seminole a strategic advantage and bolsters our position in the marketplace,” Chris Diaz, co-CEO of Seminole, said. “We are honored to work alongside such amazing talent to make an even greater impact in the renewable energy space and the community as a whole.”
