Seminole Financial, Enfinity America Close Financing on 5 Solar Projects

Continuing to expand its role as a national leader in financing of renewable energy construction projects, Seminole Financial Services announced it has recently closed on two renewable energy projects in late November with Enfinity America Corporation, bringing its total to five separate  transactions with Enfinity this year.

The projects reflect the ability of Seminole to respond quickly to the needs of an established lending partner. The projects are very diverse: one project in New Jersey and four projects in California. They include a retail distribution center, two wastewater districts, an air traffic control facility, and a 10 building school district. The installations include rooftop, ground-mounted, solar trellis, and carports.  In all, the projects reflect 5.4 MW of solar installations and $19 million in construction borrowings.  To learn more about the specifics of each deal, go to www.seminolefinancialservices.com.

Focusing on commercial solar and wind projects in the $2-to-$30 million range, Seminole has now provided financing for 18 projects and more than 29 MW of solar and wind installations since the beginning of 2012 and 30 projects and over 70MW of solar and wind installations in the past year and a half. Together with its Permanent debt financing program, Seminole has committed more than $220 million to Renewable Energy projects since its inception in 2009.

“We are in the relationship business,” said Bob Banks, CEO of Seminole Financial. “Renewable energy deals aren’t simple or cookie-cutter.  Consequently, it is very important for us to get to know the people we are doing business with.  We are impressed with the leadership and the efficiency Enfinity displays, and we look forward to doing more business with them in the coming months.”

“Seminole Financial has become an outstanding partner for us to access and meet our financing needs to allow us to have a tremendous year” said Enfinity’s Executive Vice President and Chief Financial Officer David S. Shipley. “When they tell you they can deliver, you know they will get the deal done.”

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