US solar gamer refinances 130MW portfolio

Dec 3, 2021 03:12 PM ET
  • Strata Clean Energy operates 21 assets throughout North Carolina
US solar gamer refinances 130MW portfolio
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US solar player Strata Clean Energy has refinanced a 130MW portfolio of solar plants in North Carolina.

United States bank CIT Group has led the refinancing of the $69m portfolio of solar assets.

The portfolio contains 21 operating solar assets situated throughout the state.

Result from the solar plants is covered by acquisition arrangements that make sure stable market need for the renewable power they generate.

" Funding this portfolio is an additional demonstration of just how CIT is remaining to support Strata's recurring development," stated Jimmy Chuang, primary financial officer of Strata Clean Energy.

" Once more, we valued their sector expertise, experience and also agility in funding these renewable power assets."

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