#United States #Atlanta #Renewable Energy #SolAmerica Energy #Deutsche Bank

SolAmerica Energy Expands Solar Ventures with New Financing

In a significant move towards enhancing its renewable energy initiatives, SolAmerica Energy (SAE) has finalized a $100 million revolving credit facility with Deutsche Bank. This strategic partnership aims to fuel the development of SolAmerica's diverse portfolio of solar generation assets, further solidifying its position in the rapidly evolving solar energy market.

Headquartered in Atlanta, Georgia, SolAmerica Energy specializes in the development and management of distributed solar generation systems across the Southeastern United States, the East Coast, and parts of the Midwest. The newly acquired funds will facilitate not only the development of new projects but also the acquisition of essential equipment, including solar modules and inverters, and the construction of solar facilities.

History and Growth of SolAmerica Energy

Founded in 2009, SolAmerica Energy has rapidly made a name for itself in the solar industry. Over the years, the company has successfully developed and constructed over 300 megawatts (MW) of solar capacity across 11 states and more than 100 counties in the eastern U.S. Currently, the company boasts a development pipeline exceeding 1.5 gigawatts (GW) in distributed generation solar projects.

Since being acquired by AB CarVal funds in 2023, this marks the third notable financing transaction that SolAmerica has secured. Prior to this credit facility, the company closed a $50 million construction loan with KeyBank and initiated a sale-leaseback tax equity transaction valued at over $80 million, which engages with Key Equipment Finance as an investment partner.

Katherine Mason, CFO of SolAmerica Energy, expressed her enthusiasm regarding this latest financing, stating, "This revolving credit facility enhances our financial flexibility as we seek to expand our renewable energy platform. The confidence exhibited by our lenders is a testament to our business model and long-term vision. We eagerly anticipate the growth of our relationship with Deutsche Bank as we work to advance the energy transition."

Commitment to Renewable Energy

The collaboration between SolAmerica and Deutsche Bank is noteworthy, reflecting a shared commitment to promoting sustainable energy solutions. Jeremy Eisman, Head of Infrastructure and Energy Financing at Deutsche Bank, commented, "We are thrilled to broaden our distributed generation financing solutions to support SolAmerica Energy, a developer with a well-established reputation in the community solar sector. We look forward to continuing our partnership as they provide reliable, cost-effective, and clean energy to consumers."

The increasing demand for energy solutions necessitates robust support for developing and constructing renewable energy projects, especially solar initiatives. Alex Flamm, Managing Director at AB CarVal, added, "Given the rising need for power capacity, we are pleased to support SolAmerica and Deutsche Bank in advancing these vital projects. Renewable solar energy remains a dependable and affordable option in the ongoing energy transition."

SolAmerica and AB CarVal: Powering the Future

SolAmerica Energy’s alignment with AB CarVal, an established global alternative investment manager under the auspices of AllianceBernstein, enhances its capacity to navigate complex credit market cycles. Since AB CarVal's inception, it has invested over $153 billion in diverse transactions worldwide, emphasizing its commitment to impacting energy markets positively. With approximately $20 billion in assets under management as of June 30, 2025, AB CarVal serves as a strategic ally for SolAmerica in this endeavor.

In summary, SolAmerica Energy's successful closure of the $100 million revolving credit facility not only enhances its financial agility but also fortifies its mission to lead in the solar energy landscape. The company looks forward to leveraging this financing to build a more sustainable future, ensuring clean energy accessibility for all.