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News Stories (31 Results) - CIT Power & Energy

CIT, a division of First Citizens Bank, announced its Power and Energy business served as sole lead arranger of financing for the development of Swell Energy’s pipeline of new behind-the-meter commercial energy storage projects in California.The... Read Story
August 03, 2022, 07:15 AM


CIT, a division of First Citizens Bank, announced its Power and Energy business arranged $88 million in financing for a 173-megawatt stand-alone merchant battery storage facility in Texas.The borrower, Wolf Tank Storage, is an affiliate of Aypa Power... Read Story
July 21, 2022, 07:10 AM


CIT, a division of First Citizens Bank, announced its Power and Energy business served as coordinating lead arranger on $714 million in financing for a portfolio of thermal generation assets in California.The proceeds were used to refinance a... Read Story
May 12, 2022, 07:20 AM


Origis Energy announced the close of a $375 million credit facility for its solar and energy storage development project pipeline. This innovative facility for the renewable energy industry bundles Letter of Credit and equipment financing to fund... Read Story
May 04, 2022, 07:20 AM


CIT, a division of First Citizens Bank, announced its Power and Energy business served as lead arranger of $50.5 million in financing for construction of Amp’s NY3 assets, a planned portfolio of new community solar installations in New York State.CIT... Read Story
January 24, 2022, 07:15 AM


CIT Group Inc. announced its Power and Energy business led the refinancing of a $69 million portfolio of solar facilities owned and operated by Strata Clean Energy LLC, an integrated solar and storage energy service provider based in North... Read Story
December 03, 2021, 07:12 AM


CIT Group Inc. announced its Power and Energy business served as coordinating lead arranger on nearly $210 million in financing for a solar project in Brazoria County, TX. Located in the Greater Houston power market, Brazoria West Solar Project is a... Read Story
November 30, 2021, 07:15 AM


CIT Group Inc. announced that its Power and Energy business served as sole lead arranger for $67.8 million in financing for construction of the new AMP NY2 community solar and storage portfolio.CIT led the financing on behalf of Amp Energy, which is... Read Story
November 01, 2021, 07:16 AM


CIT Group Inc. announced its Power and Energy business served as lead arranger for $68.4 million in financing for the acquisition of Crane Solar, a 150-megawatt solar farm located in Crane County, TX, and an adjacent 25-megawatt battery... Read Story
July 14, 2021, 07:06 AM


CIT Group Inc. announced its Power and Energy business served as coordinating lead arranger for approximately $200 million in financing for the 149-megawatt Big River solar power project in White County, IL.The project sponsor is D. E. Shaw Renewable... Read Story
May 28, 2021, 07:22 AM


CIT Group Inc. announced its Power and Energy business served as a co-lead arranger on a $93.3 million financing for a portfolio of six battery energy storage systems located in Texas.The battery energy storage systems (BESS) are owned by Key Capture... Read Story
February 12, 2021, 07:10 AM


CIT Group Inc. announced its Power and Energy business led a $69 million financing for a portfolio of solar facilities owned and operated by Strata Solar LLC, a leading integrated solar and storage energy service provider based in North Carolina.The... Read Story
January 14, 2021, 06:55 AM


CIT Group Inc. announced its Power and Energy business served as coordinating lead arranger on a $323 million refinancing of the Coso Geothermal power facility in Southern California.Originally developed in 1987, the 142-megawatt Coso Geothermal... Read Story
December 15, 2020, 07:15 AM


CIT Group Inc. announced its Power and Energy business served as coordinating lead arranger on a $256 million financing for the 250-megawatt (MW) Taygete I Energy Project owned by 7X Energy, Inc (7X) and located in Pecos County, TX.7X Energy is a... Read Story
December 10, 2020, 07:15 AM


CIT Group announced its Power and Energy business served as coordinating lead arranger on a $151 million financing for the 250-megawatt Galloway I solar farm planned for Concho County, TX.The financing was arranged on behalf of Skyline Renewables and... Read Story
October 30, 2020, 07:04 AM


CIT Group Inc. announced its Power and Energy business was named Renewable Energy Lead Arranger of the Year by Power Finance & Risk, a top publication covering the energy project finance industry.CIT’s Power and Energy business was selected by the... Read Story
September 09, 2020, 07:11 AM


CIT Group Inc. announced its Power and Energy business served as coordinating lead arranger on a $266 million financing for Longroad Energy’s 331-megawatt Prospero 2 solar project in Andrews County, Texas.A leader in renewable energy project... Read Story
August 27, 2020, 07:20 AM


CIT Group Inc. announced its Power and Energy unit served as sole lead arranger on a $162 million financing for the East Blackland Solar Project in Travis County, TX.The financing was arranged on behalf of Recurrent Energy LLC, a wholly owned... Read Story
August 19, 2020, 07:20 AM


CIT Group Inc. announced 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... Read Story
August 11, 2020, 07:20 AM


CIT Group Inc. announced that its Power and Energy unit served as lead arranger on a $126 million financing for the 108-megawatt (MW) direct current Trent River Solar project in Pollocksville, NC.The financing was arranged on behalf of solar project... Read Story
July 17, 2020, 07:20 AM


CIT Group Inc. announced its Power and Energy business served as lead arranger on a $118.5 million financing for the utility-scale Harts Mill Solar project in Edgecombe County, NC.The project is owned by Kayne Anderson Capital Advisors L.P., a... Read Story
July 08, 2020, 07:09 AM


CIT Group Inc. announced its Power and Energy unit served as sole lead arranger on an $85 million financing for the 80-megawatt Pioneer Solar project near Denver, CO.The financing was arranged on behalf of project sponsor Idemitsu Renewables... Read Story
June 25, 2020, 07:10 AM


CIT Group Inc. announced its Power and Energy business served as sole coordinating lead arranger for a $225 million letter of credit facility on behalf of 8minute Solar Energy, a developer of renewable energy projects nationwide.8minute intends to... Read Story
June 02, 2020, 07:15 AM


CIT Group Inc. announced it has won three Stevie American Business Awards for business excellence. The awards include a Gold award for Achievement in Management – Banking, a Silver award for FinTech Solution and a Silver award for Corporate Social... Read Story
May 28, 2020, 07:21 AM


CIT Group Inc. announced its Power and Energy unit served as lead arranger on a $217 million financing for the 200-megawatt Hillcrest solar photovoltaic project in Brown County, Ohio.The financing was arranged on behalf of Innergex Renewable Energy... Read Story
May 08, 2020, 07:25 AM


CIT Group Inc. announced its Power and Energy business served as lead arranger for a $140 million financing for esVolta, a leading developer of utility-scale energy storage systems for renewable energy projects.The portfolio consists of more than 136... Read Story
February 25, 2020, 07:25 AM


CIT Group Inc. announced its Power and Energy unit served as sole lead arranger on a $42.8 million in debt financing to support NY Solar Farms, a 70-megawatt community solar portfolio located in central and northeastern New York State.The solar... Read Story
January 28, 2020, 07:10 AM


CIT Group Inc. announced its Power and Energy unit arranged approximately $200 million in financing for a 76-megawatt portfolio of community solar projects in four states.The financing was arranged on behalf of Clearway Energy Group, one of the... Read Story
January 22, 2020, 07:20 AM


CIT Group Inc. announced its Power and Energy business served as coordinating lead arranger for $140 million in debt financing to support construction of the Lotus Solar Farm, a 67-megawatt solar project in Madera, CA. Concurrent with financial close... Read Story
September 11, 2019, 07:20 AM


CIT Group Inc. announced its Power and Energy business served as coordinating lead arranger for $204.5 million in debt financing to support construction of Holstein Solar, a 200-megawatt solar farm to be built in Nolan County, TX. Concurrent with... Read Story
July 24, 2019, 06:15 AM


CIT Group Inc. announced its Power & Energy business served as the coordinating lead arranger on a $416 million debt financing supporting Longroad Energy’s 379-megawatt Prospero solar facility to be built in Andrews County, TX.Founded in 2016 and... Read Story
May 31, 2019, 07:24 AM