CIT Group announced that its power and energy business led a $69 million financing for a portfolio of solar projects owned and operated by Strata Solar, an integrated solar and storage energy service provider based in North Carolina. The 23 operating solar projects in the portfolio, a majority of which are located in North Carolina, have a combined capacity of more than 130 MW. The output from the solar assets is covered by purchase agreements that ensure a steady demand for the renewable power they generate.