SolAmerica Energy recently closed on a $100 million revolving credit facility with Deutsche Bank. The revolver will be used to finance development for the company’s growing portfolio of projects, equipment including solar modules and inverters to be used in projects, as well as project construction.
Deutsche Bank served as administrative agent and collateral agent on the transaction. This represents the third financing the company has closed on since acquisition by AB CarVal funds in 2023, in addition to a $50 million construction loan with KeyBank and a sale-leaseback tax equity transaction totaling over $80 million, as an investment with or to be syndicated by Key Equipment Finance.
“SolAmerica is pleased to close this $100 million revolving credit facility, which strengthens our financial flexibility as we continue to scale our renewable energy platform,” Katherine Mason, the chief financial officer of SolAmerica Energy, said. “This facility reflects strong lender confidence in our business model and long-term vision. We look forward to growing the relationship with Deutsche Bank as we continue to advance the energy transition.”
“We are excited to expand our distributed generation development facility offering to SolAmerica Energy, a high-quality developer with a proven track record in the community solar space,” Jeremy Eisman, head of infrastructure and energy financing at Deutsche Bank, said. “We look forward to continuing to support SolAmerica Energy as they deliver reliable, affordable, and clean energy to ratepayers.”
“As the demand for energy and power capacity increases, we are pleased to work with SolAmerica and Deutsche Bank to support the development and construction of these projects,” Alex Flamm, managing director with AB CarVal, said. “Renewable solar energy continues to offer an affordable and reliable source in the energy transition.”
