Seminole Financial Services Surpasses 1 GW of Financing for Renewable Energy Transactions

We are proud to announce that Seminole Financial Services ("Seminole") has now financed over 1 GW in installed capacity of solar and wind projects throughout the continental U.S. and Hawaii totaling approximately $2 billion in financing.

Seminole, a leading provider of debt and tax credit equity financing for renewable energy transactions up to small-scale utility in size, announced the closing of four more solar transactions totaling $33 million in construction debt. These solar projects, located in North Carolina, have a nameplate capacity of 25.25 MW. In the last 60 days, Seminole has closed on financing for over 50 MW worth of solar projects. Seminole continues to close transactions and support the solar industry during the challenges presented to our industry by COVID-19.

Expanding its "One-Stop Shop" capabilities to better serve the needs of its customers, Seminole is now also an approved lender under the USDA Rural Energy for America (REAP) Loan Program. In addition to providing construction loans, mini-perm loans, development loans, and tax credit equity, Seminole now can close long-term debt through the USDA REAP Loan Guarantee Program. 

"We are grateful to everyone who has helped us reach another incredible milestone. We are truly happy for the opportunity to assist our developer clients in making an impact on the renewable energy sector," stated Seminole Chairman Robert J. Banks. This major achievement comes eleven years after the company was founded. Since its inception, Seminole has financed over 300 renewable energy transactions in the U.S. Recent closings include small scale utility solar projects, distributed wind, and over 50 community solar projects.  

Seminole Financial Services | www.seminolefinancialservices.com