HESP Solar, a New York City–based solar and storage developer and independent power producer (IPP), has announced the successful closing of financing across a 46-site, 13-megawatt distributed generation solar portfolio. The transaction marks a key milestone in advancing the company’s 2026 deployment strategy.
The portfolio is primarily comprised of municipal projects, with approximately 50 percent of the assets serving public sector offtakes across HESP’s core Northeast markets. The transaction includes long-term capital from Fifth Third Bank, acting as lead arranger and lessor, along with its syndication partners.
This closing represents an important milestone for HESP, bringing the company’s cumulative financings since its transition to an IPP to more than $100 million. The transaction further reinforces HESP’s ability to originate, structure and execute scalable financing solutions across diversified solar portfolios.
HESP Solar has been developing
