BELLEAIR BLUFFS, Fla., Sept. 10, 2020 /PRNewswire-PRWeb/ -- 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.
We encourage you to visit our new and improved website at http://www.seminolefinancialservices.com.
For more information about Seminole Financial Services' renewable energy financing programs, please contact Chris Diaz, co-CEO, at (727) 460-0578.
About Seminole Financial Services, LLC
Seminole Financial Services (Seminole) is a national leader in providing financing for up to small scale utility sized renewable energy projects. Since 2009 Seminole has closed approximately $2 billion in financing for more than 300 solar and wind installations throughout the continental U.S. and Hawaii, totaling more than 1 GW in installed capacity. Seminole Financial Services, LLC is the operating entity for the six companies that collectively make up
The Seminole Companies
Seminole also originates debt and equity real estate investments throughout the country for institutional investors. Seminole is responsible for originating, underwriting, servicing, and providing asset management for the investments it originates on behalf of its institutional investors which is managed by sister company Seminole Advisory Services, LLC (SAS). SAS is a registered investment advisor with the SEC and presently has several hundred million dollars in assets under management. Information is available at http://www.SeminoleFinancialServices.com.
SOURCE Seminole Financial Services
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