CIT Group Inc. has announced that its Power and Energy business served as lead arranger for approximately $185 million in financing for a 66-megawatt portfolio of community solar projects.
The financing was arranged on behalf of Clearway Energy Group, one of the largest developers and operators of clean energy generation facilities in the United States.
The portfolio consists of 19 separate projects totaling 66 megawatts of solar generation capacity located in Massachusetts, Illinois and New York State.
Earlier this year, CIT announced that it had also served as lead arranger on approximately $200 million in financing for another Clearway portfolio of 21 community solar projects encompassing 76 megawatts of generation capacity located in Illinois, Massachusetts, Minnesota and New York State.
“We are proud to continue advancing the development of community solar projects, which are key contributors to the growth of renewable power generation in the Unite
