CIT Group’s power and energy unit served as sole lead arranger on an $85 million financing for the 80-megawatt Pioneer Solar project near Denver.
CIT Group’s power and energy business served as sole coordinating lead arranger for a $225 million letter of credit facility on behalf of 8minute Solar Energy, a developer of renewable energy projects.
CIT Group’s power and energy unit served as lead arranger on a $217 million financing for the 200-megawatt Hillcrest solar photovoltaic project in Brown County, OH.
CIT Group completed a third round of financing for an innovative battery-based energy storage project that helps facilitate greater use of renewable energy in Southern California.
CIT Group acted as sole lead arranger and administrative agent for about $36 million in financing for Nordic Solar, a developer and owner of solar energy facilities.
CIT Group served as administrative agent and sole lead arranger for a $140 million credit facility for residential solar provider Sunnova Energy.
Macquarie Capital closed the first non-recourse project financing of battery-based energy storage systems with CIT Bank.