Solar Landscape distributed/community solar warehouse facility — anchors 146 MW community solar portfolio across New Jersey, Illinois, Maryland, and Minnesota
$600M green-labeled senior debt facility — $350M revolving construction warehouse (3-yr) + $250M delayed-draw term loan (5-yr). First Citizens Bank as lead/admin agent; KeyBank and National Bank of Canada as joint lead arrangers (NBC also Green Loan Structuring Agent); participants include Atlas SP Partners, Apterra Infrastructure Capital, Siemens Financial Services, BankUnited, Mitsubishi HC Capital America, and Amalgamated Bank. Largest revolving senior debt facility of its kind for commercial-rooftop community solar; pairs with Solar Landscape's April 2026 $117M Nuveen tax equity (fin-2026-133), signaling recurring institutional capital stack at the C&I community solar leader.
$600M
Deal Value
146MW
Capacity
Solar
Technology
NJ
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Solar Landscape
- Buyer / Financier
- First Citizens Bank
- Deal Value
- $600M
- Stage
- Construction
- ISO/RTO
- PJM
Finance Counterparties
Lenders & Capital Providers
- Lead Arranger
- First Citizens Bank
- adminAgent
- First Citizens Bank
- jointLeadArrangers
- KeyBank, National Bank of Canada
- greenLoanStructuringAgent
- National Bank of Canada
- participants
- Atlas SP Partners, Apterra Infrastructure Capital, Siemens Financial Services, BankUnited, Mitsubishi HC Capital America, Amalgamated Bank
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