Revity Energy has secured debt financing for a 55MW solar project in Rhode Island.
Seminole Financial Services and Blackstone Credit have provided the $104m debt facility that will provide financing for the construction of the project.
The transaction represents the sixteenth project Seminole has financed for renewables developer Revity Energy and its affiliates.
Since 2009, Seminole has committed more than $2.2bn in construction and permanent debt financing plus tax credit equity for more than 325 solar and wind installations amounting to more than 1.1GW in installed capacity throughout the continental US and Hawaii.
“Our collaboration with two best-in-class organisations – Blackstone Credit and Revity Energy – gives Seminole a strategic advantage and bolsters our position in the marketplace,” said Chris Diaz, co-CEO of Seminole.
“We are honoured to work alongside such amazing talent to make an even greater impact in the renewable energy space and the community as a whole.”