Soltage Raises $142M Debt Facility from Fifth Third Bank

Mar 03, 2020•almost 6 years ago

Amount Raised

$142 Million

Jersey City

Description

Soltage LLC, a leading independent power producer, announced that it raised a $142M senior construction-to-term credit facility with Fifth Third Bank, National Association. The investment will fund a 110 megawatt (MW) solar portfolio of distributed utility-scale solar assets located across six states: Oregon, Illinois, Massachusetts, Rhode Island, North Carolina and South Carolina.

Company Information

Company

Soltage

Location

Jersey City, New Jersey, United States

About

Soltage is a leader in the development, financing, and operation of distributed utility-scale solar assets for commercial, industrial and municipal customers across the United States. Soltage has developed more than 100 solar energy projects with more than 300 MW total distributed generating capacity under construction and management. Soltage is backed by a group of investors including Prudential Capital Group and is headquartered in Jersey City, New Jersey. For more information, visit www.soltage.com

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Soltage Raises $142M Debt Facility from Fifth Third Bank

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