Project Finance Brief: Soltage Raises $130 Million in Debt Financing for Solar Projects
Solaria receives $64 million from EIB and Natixis for the construction of solar projects in Spain
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Soltage, an independent renewable power producer, raised a $130 million debt facility led by Silicon Valley Bank. The investment will finance a 110 MW national portfolio of projects across six states: North Carolina, South Carolina, Maine, Illinois, Virginia, and Maryland. Silicon Valley Bank is the Sole Coordinating Lead Arranger of the debt facility, with three other banks included as lenders. This facility includes an optional $100 million expansion feature to finance additional projects beyond the current set of identified projects.
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Utsav Sinha
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