Belleair Bluffs, Fla.-based lender Seminole Financial Services has committed more than $533 million in construction and permanent debt financing toward U.S. wind and solar projects.
Of the 68 projects spanning 14 states financed by Seminole since it entered the renewable energy arena in 2009, $110 million has been committed to 46 MW of energy generated by wind farms and more than $423 million has financed solar power installations totaling 137 MW.
Seminole – which typically focuses on transactions between $2 million and $35 million -Â has financed the equivalent of 183 MW of renewable energy projects.
In other company news, Seminole says it will finance a $37.8 million construction loan toward the total project development cost of the Halifax County Old Airport Solar Project, located on a 220-acre site in Halifax County, N.C. The project is jointly developed by Geenex and ET Solar's U.S. subsidiary ET Capital and will consist of a combination of ET Solar ground-mounted solar modules.
