CIT Group and RBC Capital worked together to fund the portfolio of projects spread across six states, with half the capacity in California and Arizona and the other half in the northeast.
An analysis by the Department of Energy shows electricity generation from solar growing 32% annually since 2000. Meanwhile, the tax benefits claimed for solar fell from just over $2 billion in 2013 to just over $1 billion in 2016.
Open Energy’s program funds projects costing between $250,000 and $2 million. The capital lease program hopes to finance 70 MW of projects through the end of this year.
Dividend Finance has closed a $104 million residential solar loan securitization, following on its first $129 million securitization in October 2017.
Wells Fargo plans to invest $200 billion by 2030 in sustainability projects, including at least $100 billion in green bonds and clean energy technologies including renewable energy, EVs and batteries.
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