September 1, 2017
WASHINGTON, D.C., September 7, 2017 - Tax Equity Advisors, LLC (TEA), an investment advisory firm that manages all aspects of solar tax equity investing on behalf of large corporations, has closed a $50 million financing on behalf of a major U.S. corporation.
This financing supports a total investment of over $120 million for a portfolio of residential solar projects managed by a leading U.S. solar developer. The portfolio includes projects across the United States and represents a total capacity of over 30 megawatts (DC), which will generate enough clean, renewable electricity to meet the needs of almost 4,000 homes. All systems are expected to be installed by the summer of 2018.
“With this financing, TEA continues to demonstrate its ability to present clients with large, well vetted investment opportunities. Our client will be able to generate attractive returns while supporting renewable energy generation nationwide,” said Jonathan Silver, a Managing Director of Tax Equity Advisors.
About Tax Equity Advisors: Tax Equity Advisors (TEA) is an investment manager that helps companies with federal tax liabilities to develop, deploy and manage their renewable energy tax credit strategies without the need for large, permanent teams of expensive in-house experts. The firm currently manages $400 million for its client base. For more information, please visit www.taxequityadvisors.com.
The information set forth in this Press Release does not constitute legal, tax, investment or other advice, or a recommendation to purchase or sell any particular security.
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