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Greenskies, a Connecticut-based solar integrator specializing in solar financing, system design, project implementation, coordination, system monitoring and maintenance, has closed on a US$ 165 million financial package with Fist Niagara Financial Group and a tax equity provider for 127 solar projects. These projects will be built across 12 U.S. states from Maine to California.
The 127 projects include commercial and residential arrays. When completely constructed and start operating, they will generate a total of 85GWh of electricity per year, enough for powering 13,000 average New England homes.
Greenskies has experiences in designing, building and maintaining PV systems for corporate clients, municipalities and government agencies, educational institutions and utilities throughout the U.S.
First Niagara is a multi-state bank with $39 billion in assets and $28 billion in deposits. It operates about 390 branches across New York, Pennsylvania, Connecticut and Massachusetts. Greenskies’ new deal represents the sixth round of financing it has completed with First Niagara since 2012.
"First Niagara is pleased to continue developing its relationship with Greenskies," said Peter J. Thomas, vice president and senior relationship manager at the bank. "This particular financing vehicle allows the company to leverage additional capital and accelerate the distribution of green renewable energy throughout not only New England, but the entire nation."
(Photo Credit: Greenskies)