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, 07:51 AM
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First Citizens Bank's Energy Finance business served as sole bookrunner and co-lead arranger on financings totaling more than $150 million for two Apex Clean Energy ("Apex") battery energy storage projects in Texas. One project, Great Kiskadee...
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May 15, 2024, 07:38 AM
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CIT, a division of First Citizens Bank, announced that 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...
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July 21, 2022, 07:46 AM
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CIT Group's 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, Texas, and an adjacent 25-megawatt battery development.Starwood Energy...
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July 14, 2021, 08:00 AM
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CIT Group's 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, Texas.Cutlass Solar is a utility-scale project to be built about 40 miles southwest of...
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April 29, 2021, 07:20 AM
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CIT Group announced that 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...
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February 12, 2021, 07:15 AM
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CIT Group announced that 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, 08:10 AM
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CIT Group announced that CIT Energy Finance served as lead arranger in a senior secured credit facility of up to $120 million for Sunlight Financial LLC, a provider of financing for the residential solar market. Sunlight Financial is backed by...
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September 25, 2015, 08:07 AM
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CIT Group announced that it provided a $75 million senior secured credit facility to an affiliate of AES Distributed Energy, Inc., a subsidiary of The AES Corporation, to finance its acquisition of residential solar systems across the United States...
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June 26, 2015, 07:53 AM
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CIT Group Inc. announced that CIT Corporate Finance arranged a $125 million senior secured credit facility for Independence Contract Drilling (ICD), an integrated premium land drilling services provider with a fleet of ShaleDriller™ land drilling...
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June 04, 2014, 07:18 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, 07:44 AM
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