First Citizens Bank announced that its Energy Finance business introduced a new tax equity investment product to help finance renewable energy projects.
Tax equity products enable qualified investors to reap the benefits of various tax incentives...
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October 31, 2024, 06:50 AM
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First Citizens Bank's Energy Finance business served as co-lead arranger on a $300 million senior secured credit facility for Swift Current Energy, a leading North American clean energy platform.The financing will provide flexible growth capital as...
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September 10, 2024, 07:00 AM
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First Citizens Bank and Jupiter Power LLC announced First Citizens Bank's Energy Finance business and Jupiter Power have closed on $65.2 million in financing for construction of a 200-megawatt (MW) / 400 megawatt-hour (MWh) battery energy storage...
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December 20, 2023, 07:10 AM
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First Citizens Bank announced its Energy Finance business has served as lead agent on $60 million in financing to Gore Street Energy Storage Fund plc for the development of a 200-megawatt battery storage project located in Imperial County, CA.Gore...
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October 25, 2023, 07:18 AM
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First Citizens Bank announced its Energy Finance business has served as coordinating lead arranger on three battery storage project financings for Plus Power, collectively representing $672 million in financing and 700 megawatts (MW) of energy...
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October 18, 2023, 07:17 AM
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First Citizens Bank announced its Energy Finance group, part of the CIT division, served as the Coordinating Lead Arranger on a $70.4 million construction and term loan financing facility for two standalone battery energy storage projects in Texas...
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July 18, 2023, 07:00 AM
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CIT, a division of First Citizens Bank, announced its Power and Energy business served as lead arranger on $419 million in financing for acquisition of the Broad River power generation facility in Gaffney, SC.Onward Energy Inc. is acquiring the...
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November 18, 2022, 07:10 AM
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CIT, a division of First Citizens Bank, announced its Power and Energy business served as sole lead arranger of financing for the development of Swell Energy’s pipeline of new behind-the-meter commercial energy storage projects in California.The...
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August 03, 2022, 07:15 AM
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CIT, a division of First Citizens Bank, announced its Power and Energy business arranged $88 million in financing for a 173-megawatt stand-alone merchant battery storage facility in Texas.The borrower, Wolf Tank Storage, is an affiliate of Aypa Power...
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July 21, 2022, 07:10 AM
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CIT, a division of First Citizens Bank, announced its Power and Energy business served as coordinating lead arranger on $714 million in financing for a portfolio of thermal generation assets in California.The proceeds were used to refinance a...
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May 12, 2022, 07:20 AM
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Origis Energy announced the close of a $375 million credit facility for its solar and energy storage development project pipeline. This innovative facility for the renewable energy industry bundles Letter of Credit and equipment financing to fund...
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May 04, 2022, 07:20 AM
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CIT, a division of First Citizens Bank, announced its Power and Energy business served as lead arranger of $50.5 million in financing for construction of Amp’s NY3 assets, a planned portfolio of new community solar installations in New York State.CIT...
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January 24, 2022, 07:15 AM
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CIT Group Inc. announced its Power and Energy business led the refinancing of a $69 million portfolio of solar facilities owned and operated by Strata Clean Energy LLC, an integrated solar and storage energy service provider based in North...
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December 03, 2021, 07:12 AM
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CIT Group Inc. announced its Power and Energy business served as coordinating lead arranger on nearly $210 million in financing for a solar project in Brazoria County, TX. Located in the Greater Houston power market, Brazoria West Solar Project is a...
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November 30, 2021, 07:15 AM
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CIT Group Inc. announced that its Power and Energy business served as sole lead arranger for $67.8 million in financing for construction of the new AMP NY2 community solar and storage portfolio.CIT led the financing on behalf of Amp Energy, which is...
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November 01, 2021, 07:16 AM
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CIT Group Inc. announced its Power and Energy business served as lead arranger for $68.4 million in financing for the acquisition of Crane Solar, a 150-megawatt solar farm located in Crane County, TX, and an adjacent 25-megawatt battery...
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July 14, 2021, 07:06 AM
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CIT Group Inc. announced its Power and Energy business served as coordinating lead arranger for approximately $200 million in financing for the 149-megawatt Big River solar power project in White County, IL.The project sponsor is D. E. Shaw Renewable...
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May 28, 2021, 07:22 AM
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CIT Group Inc. announced its Power and Energy business served as coordinating lead arranger on a $84 million financing for a new 140-megawatt solar farm in Fort Bend County, TX.Cutlass Solar is a utility-scale project to be built about 40 miles...
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April 29, 2021, 07:15 AM
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CIT Group Inc. announced its Power and Energy business served as a co-lead arranger on a $93.3 million financing for a portfolio of six battery energy storage systems located in Texas.The battery energy storage systems (BESS) are owned by Key Capture...
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February 12, 2021, 07:10 AM
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CIT Group Inc. announced its Power and Energy business served as coordinating lead arranger on a $323 million refinancing of the Coso Geothermal power facility in Southern California.Originally developed in 1987, the 142-megawatt Coso Geothermal...
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December 15, 2020, 07:15 AM
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CIT Group Inc. announced its Power and Energy business served as coordinating lead arranger on a $256 million financing for the 250-megawatt (MW) Taygete I Energy Project owned by 7X Energy, Inc (7X) and located in Pecos County, TX.7X Energy is a...
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December 10, 2020, 07:15 AM
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CIT Group announced its Power and Energy business served as coordinating lead arranger on a $151 million financing for the 250-megawatt Galloway I solar farm planned for Concho County, TX.The financing was arranged on behalf of Skyline Renewables and...
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October 30, 2020, 07:04 AM
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CIT Group Inc. announced its Power and Energy business was named Renewable Energy Lead Arranger of the Year by Power Finance & Risk, a top publication covering the energy project finance industry.CIT’s Power and Energy business was selected by the...
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September 09, 2020, 07:11 AM
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CIT Group Inc. announced its Power and Energy business served as coordinating lead arranger on a $266 million financing for Longroad Energy’s 331-megawatt Prospero 2 solar project in Andrews County, Texas.A leader in renewable energy project...
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August 27, 2020, 07:20 AM
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CIT Group Inc. announced its Power and Energy unit served as sole lead arranger on an $85 million financing for the 80-megawatt Pioneer Solar project near Denver, CO.The financing was arranged on behalf of project sponsor Idemitsu Renewables...
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June 25, 2020, 07:10 AM
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CIT Group Inc. announced its Power and Energy business served as coordinating lead arranger for $204.5 million in debt financing to support construction of Holstein Solar, a 200-megawatt solar farm to be built in Nolan County, TX. Concurrent with...
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July 24, 2019, 06:15 AM
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For middle market companies in the energy sector, opportunities for growth are abundant due to an increase in U.S. gas and oil production. Companies providing supporting services, such as technology and equipment to more economically and efficiently...
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October 15, 2014, 06:55 AM
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CIT Group Inc. appointed Todd Friant Managing Director of CIT Corporate Finance, Energy, effective immediately. He will be responsible for leading the origination efforts for senior lending opportunities in the oilfield services and midstream...
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April 15, 2014, 07:28 AM
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