US solar player Strata Clean Energy has refinanced a 130MW portfolio of solar plants in North Carolina.
US bank CIT Group has led the refinancing of the $69m portfolio of solar assets.
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The portfolio consists of 21 operating solar assets located throughout the state.
Output from the solar plants is covered by purchase agreements that ensure steady market demand for the renewable power they generate.
“Financing this portfolio is another demonstration of how CIT is continuing to support Strata’s ongoing growth,” said Jimmy Chuang, chief financial officer of Strata Clean Energy.
“Once again, we appreciated their industry knowledge, expertise and agility in funding these renewable power assets.”