SolAmerica Energy closes $79 million sale leaseback tax equity commitment and $50 million construction financing for Illinois solar portfolio

Type: Financing · Technology: Solar · Country: United States · Capacity: 18 MW · Announced: 2024-12-03

SolAmerica Energy closed a $79 million sale-leaseback tax equity commitment from Key Equipment Finance and a $50 million construction loan from KeyBank to fund an 18 MW, seven-project solar portfolio in Illinois expected to reach commercial operation in 2025.

Counterparties

• Key Equipment Finance (Investor)
• KeyBanc Capital Markets (Partner)
• KeyBank (Lender)
• AB CarVal (funds managed by AB CarVal) (Owner)
• SolAmerica Energy (Developer)

Source article

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