News

21 Mar 2013		Solar Will Be Second-Biggest Source of U.S. Power Added in 2013 Bloomberg. "Solar has clearly landed in a place where it's a very bankable asset class and is widely accepted and sought after," Harris said. "It's going to follow the same path that other asset classes have followed, which is now a move to public capital markets," and that may include real estate investment trusts, master limited partnerships or other structures that enable shares of project portfolios to be publicly traded, he said."
20 Mar 2013		Bridge Bank Provides Funding for True Green Capital Management Solar Installations MARKETWIRE via COMTEX. Bridge Bank, a subsidiary of Bridge Capital Holdings, a full service professional business bank headquartered in Silicon Valley and with offices located nationwide, announced today it recently closed $13 million in funding for several major solar installations located in New Jersey, Rhode Island and North Carolina.
14 Mar 2013		New Push to Securitize Renewable-Power Pacts THE WALL STREET JOURNAL. The Obama administration and some on Wall Street are laying the groundwork for bundling renewable-power contracts into securities, part of an effort to make it cheaper to finance alternative energy.
12 Feb 2013		Solar Lease for Commercial Rooftops: Request for Interest (“RFI”) True Green Capital Management LLC (“True Green Capital”) seeks partners with rooftop space to lease on commercial, industrial or retail properties in the service territory of the Los Angeles Department of Water and Power (“LADWP”).
08 Jan 2013		CIT Serves as Sole Lead Arranger in Solar Energy Financing Market Watch. The Wall Street Journal. NEW YORK, Jan 08, 2013 (BUSINESS WIRE) -- CIT Group Inc., a leading provider of financing and advisory services to small businesses and middle market companies, today announced that it arranged a $24 million senior secured credit facility for a 12.3 megawatt solar photovoltaic energy installation at Joint Military Base McGuire-Dix-Lakehurst in Burlington County, New Jersey. The installation is a portfolio company of True Green Capital Management LLC, a New York-based private investment firm specializing in asset-based investments in distributed renewable power.
08 Jan 2013		The investor behind a 12.3-megawatt rooftop solar installation at Joint Base McGuire-Dix-Lakehurst in central New Jersey last week announced it had closed on $35 million of financing Association of Defense Communities. The investor behind a 12.3-megawatt rooftop solar installation at Joint Base McGuire-Dix-Lakehurst in central New Jersey last week announced it had closed on $35 million of financing for the effort and planned to begin construction.
07 Jan 2013		True Green Capital Management Brings 12.3 Megawatts of Solar Energy to Joint Base McGuire-Dix-Lakehurst Bloomberg. True Green Capital Management LLC and CIT Group Inc. (NYSE: CIT) today announced the December closing of $35 million of financing and commencement of construction for a 12.3 megawatt solar photovoltaic energy installation at Joint Military Base McGuire-Dix-Lakehurst in Burlington County, New Jersey. The installation is a portfolio company of True Green Capital Management, a New York-based private investment firm specializing in asset-based investments in distributed renewable power. In addition to equity contributed by True Green Capital Management, CIT Energy served as Sole Lead Arranger in a $24 million senior secured credit facility provided by CIT Bank, the U.S. commercial bank subsidiary of CIT Group Inc.
08 Jul 2012		First Solar Bonds Financing $4.6 Billion U.S. Panel Boom Bloomberg. By Andrew Herndon. Underwriters from Bank of America Corp. (BAC) to Credit Suisse AG and Citigroup Inc. (C) for the first time are close to converting sunlight into cash to pay bond investors. Similar to asset-backed securities that finance everything from car purchases to college tuition, solar bonds will help fund rooftop power projects that Bloomberg New Energy Finance estimates will need to raise about $4.6 billion next year. U.S. solar installations, including rooftop and utility- scale projects, may jump at least 75 percent to exceed 3,200 megawatts this year, enough to supply about 700,000 California homes, according to the Solar Energy Industries Association trade group. Developers are seeking new sources of funding after a U.S. tax incentive expired last year. They may have to pay higher interest rates than more established asset-backed bonds to attract investors.
24 May 2012		US Solar – White Paper: Re-imagining US solar financing Authored by Bloomberg New Energy Finance and commissioned by Reznick Group, this report describes the ongoing evolution of US solar financing: where the market is today, where it is heading, and what’s behind this important transition. With the keynote “this is happening now”, the report explores structures through which institutional investors are demonstrating interest, how new investment vehicles are taking shape and broadly how distributed generation is driving innovation and creating new third-party financing models for solar deployment.
01 Apr 2012		Solar Power: Darkest before dawn McKinsey & Company on Sustainability & Resource Productivity. New McKinsey research indicates the cost of a typical commercial system could fall 40% by 2015 and an additional 30% by 2020, permitting companies to capture attractive margins while vigorously installing new capacity. The research suggests that the overall solar market will continue to grow—even though subsidies are expected to dry up.