By Joshua Burd
Solar Landscape has closed on a $600 million financing commitment from First Citizens Bank to help accelerate its pipeline of rooftop solar projects in New Jersey and nationally.
According to the firms, the agreement includes a $350 million three-year revolving credit facility for construction and a $250 million delayed-draw term loan facility with a five-year tenor. It also represents the largest revolving senior debt facility of its kind for commercial rooftop distributed energy, Asbury Park-based Solar Landscape said, citing the need for “speed and scale” as its project velocity increases across multiple markets.
“This financing marks a meaningful evolution in how we fund and scale distributed energy,”…