Radial Power has closed on $80 million in tax equity financing from Bank of America to support the company’s pipeline of distributed generation projects through late 2024.
The projects include both asset and portfolio-level turn-key integrated commercial & industrial (C&I) and community solar solutions.
This tax equity capital raise, alongside back-leverage, will help fund the development and installation of an estimated 96 megawatts of C&I and community solar projects across more than nine states for multiple anchor real estate customers.
“This strategic investment will support Radial Power’s robust pipeline of low-cost, low-carbon clean-energy solutions that enable offtakers to meet their ESG and sustainability goals,” said John King, CFO of Radial Power. “Our national portfolio of best-in-class distributed generation projects is unlocking revenues from underutilized real estate, delivering value to our customers and accelerating a reliab
