CIT Group’s Power and Energy unit served as sole lead arranger on a $42.8 million in debt financing to support NY Solar Farms, a 70-megawatt community solar portfolio located in Central and Northeastern New York State.
True Green Capital Management closed its latest fund, the True Green Capital Opportunity Partnership on $113 million, exceeding its initial target of $100 million.
Bridge Bank, a subsidiary of Bridge Capital Holdings closed approximately $13.2 million in funding for several major solar installations located in New Jersey, Rhode Island and North Carolina.
CIT said it arranged a $24 million senior secured credit facility for a solar photovoltaic energy installation at Joint Military Base McGuire-Dix-Lakehurst. The installation is a portfolio company of True Green Capital Management.