Churchill Stateside Group Completes Tax Equity Fund to Finance over $200 Million of Solar Energy

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Tax Equity financing for 105-MW DC Solar Project in North Carolina

Solar-XIV-CSGfirst.com
"This fund is an example of our commitment as a leading provider of tax credit equity to the renewable energy industry by serving our investors with attractive returns while providing critical capital to quality developers and projects."

Churchill Stateside Group, LLC (CSG), a real estate and renewable energy financial services company, is pleased to announce the closing of Churchill Stateside Solar Fund XIV for the development of a 105-megawatt DC solar energy installation on 672 acres located in Pender County, North Carolina.

When completed, the ground mounted solar project will harvest sunlight to provide enough renewable electricity to all of the tax equity investor’s existing US offices and facilities as well as support a new manufacturing facility under construction in North Carolina. This investment is an example of how the investor is meeting its company goal for sustainability and aiming for zero environmental impact globally, while generating a competitive yield on its investment.

Devin Sanderson, Chief Operating Officer and Director of Renewable Energy for CSG, said, “This fund is an example of our commitment as a leading provider of tax credit equity to the renewable energy industry by serving our investors with attractive returns while providing critical capital to quality developers and projects.”
Joseph Switzer, Senior Vice President of Churchill Stateside Securities, LLC, the fully licensed broker-dealer for CSG, added, “Our approach to structuring funds is uniquely tailored to meet the needs of each tax equity investor providing strong risk-adjusted returns while attaining sustainability company goals.”
For more information about CSG’s renewable energy finance programs and services, please contact Devin Sanderson, COO and Director of Renewable Energy, at (727) 461-2200 or via email at dsanderson(at)csgfirst.com.

About Churchill Stateside Group

Churchill Stateside Group and its wholly owned affiliates (CSG) serve the affordable housing and renewable energy industries. CSG sponsors tax credit equity investment funds for institutional investors and provides a variety of construction and permanent financing solutions. With over $1 Billion of assets under management, CSG has long-standing and successful investment relationships with numerous corporate investors and pension funds. The company’s investor and developer clients benefit from our experienced staff, prominent and proactive senior leadership, and attractive debt and equity platforms. The company, through its subsidiary Churchill Mortgage Investment LLC, is an approved USDA Rural Development and HUD/FHA MAP and LEAN lender and Ginnie Mae Issuer.

For more information, please visit http://www.CSGfirst.com.

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Devin Sanderson
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