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Sunvest Solar Closes $154 Million Of Debt And Tax Equity Financing For 56 Mw Solar Portfolio

Dec 13, 2022•almost 3 years ago

Amount Raised

$154 Million

PewaukeeRenewable EnergyEnergy

Description

SunVest Solar LLC, a leading independent, vertically integrated solar business, is pleased to announce the closing of a $113 million debt facility led by Silicon Valley Bank, the bank of the world's most innovative companies, and $41 million of tax equity from Rockwood Group, through its partnership with Fortune 250 Guardian Life Insurance Company of America. The facility will support the construction and operation of a 56 MW portfolio of solar projects in Illinois, Maine, Minnesota and Wisconsin.

Company Information

Company

SunVest Solar

Location

Pewaukee, Wisconsin, United States

About

SunVest is a rapidly growing leader in renewable energy, establishing itself as a vertically integrated distributed generation platform with expertise across the value chain, including development, construction, financing and operations. SunVest is advancing an industry-leading pipeline of nearly 2 gigawatts of development projects, with a growing portfolio of assets under management expected to reach 250 megawatts in 2023. SunVest is headquartered in Chicago, Illinois and metro Milwaukee, Wisconsin. For more information, visit www.sunvest.com.

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