Crestmark Bank and Alternative Energy Development Group Complete six (6) Project Sale-leasebacks6/27/2017 Continuing the banking relationship Crestmark Bank and AEDG originally formed in 2014, Crestmark closed on six Commercial & Industrial scale Solar PV PPA projects with AEDG on a tax equity sale-leaseback structure between September 2016 and January 2017. The 3.61MWdc Solar PV project portfolio includes five (5) group-net-metered projects in the State of VT and a sixth project in the Commonwealth of MA, all PPA’s for private, for-profit customer off-takers.
"We're excited to continue to power AEDG’s growth and to be part of the alternative energy industry," said Larry Pearce, senior vice president, managing director of Corporate Joint Ventures. "From the beginning of our relationship in 2014 and through today, spanning 20 Project financings for Solar PV and Natural Gas Fuel Cell Projects, we continue to be impressed with Crestmark Bank’s team and commitment to entrepreneurial growth companies”, said Chris Fraga, Founder and CEO of AEDG. “Crestmark lives their mission to be the bank who helps with innovative financing and lending solutions, and we are honored to count Crestmark as a true partner in achieving our mission to help customers save money and be sustainable".
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Solar PPA / Fuel Cell / AEDG New York, NY -- Karbone's Capital Advisory group, who thus far advised several solar, wind and alternative energy projects to secure equity, debt and tax equity financing, has completed its Capital Advisory Services for Developer Alternative Energy Development Group, LLC (AEDG) in a CA based joint solar and fuel cell project in the commercial & industrial space.
"This project presented us a complex financing challenge which involved the structuring of tax incentives, debt and equity financing for distributed generation" said CEO of Karbone Mr. Bensusan. Karbone's financing team worked with developer AEDG for a duration of more than a year on identifying viable sources of capital as well as developing financial models that suited all interested parties."Karbone's people, knowledge, collaboration and resolve were important contributions to the success of this project," said Chris Fraga, AEDG's Founder & CEO. A top ranked firm several years in a row, Karbone continues to execute on its unique strategy as the comprehensive financial services shop providing Capital Advisory, Brokerage and Research services for the renewable energy sector. For further information please contact us at[email protected] or (646) 291-2858. AEDG today announced the addition of David Magagna, Jr. to its team, serving as Finance Analyst for project financing. Dave is a summa cum laude graduate of Syracuse University with a BS in Accounting, followed by a Master of Science in Professional Consulting and Accounting with a concentration in Finance from Villanova University. While concurrently pursuing a J.D. from Villanova School of Law, Dave will focus on project financing for AEDG’s pipeline and portfolio of Solar and Fuel Cell PPA’s.
SolarSense announces the completion of a financing, purchase and leaseback transaction for the Carver, MA Highway Solar Project with Developer SolareAmerica. The 99kW Carver, MA Highway Solar System is unique as one of America’s first Solar System deployments on Highway property, located on Rt. 44 in Carver, MA. The commissioning of the system and go-live was complete in September, and the Official Ribbon Cutting Ceremony will take place on Friday, Oct. 5th with attendees from: The Federal, State, and Local Government; Town of Carver stakeholders; Members of the Press; Developer SolareAmerica with partner Kearse Electric; and the SolarSense team. The project financing was completed utilizing proceeds from an ARRA Grant and the 1603 Treasury Grant, along with private-market capital.
SolarSense announces the completion of a financing, purchase and leaseback transaction for the Carver, MA Highway Solar Project with Developer SolareAmerica. The 99kW Carver, MA Highway Solar System is unique as one of America’s first Solar System deployments on Highway property, located on Rt. 44 in Carver, MA. The commissioning of the system and go-live was complete in September, and the Official Ribbon Cutting Ceremony will take place on Friday, Oct. 5th with attendees from: The Federal, State, and Local Government; Town of Carver stakeholders; Members of the Press; Developer SolareAmerica with partner Kearse Electric; and the SolarSense team. The project financing was completed utilizing proceeds from an ARRA Grant and the 1603 Treasury Grant, along with private-market capital.
SolarSense completes long-term debt-financing and SREC off-taker agreement for Solar system installation in NJ PPA Fleet with investment credit-grade entity. Terms of the private financing structure and agreement are undisclosed.
SolarSense enters contractual agreements with three (3) independent Commercial Solar Developers to provide "Pure Green Advisory Services" for projects in the PA, MA, NJ and NY marketplace. The developers contracted with SolarSense on a fee-for-service basis to collaborate on project financing alternatives, sourcing and vetting projects with capital for financing and/or PPA buyouts, SREC monetization alternatives, and other related matters.
SolarSense announces the construction, commissioning and live operational status of 381 kW of Solar PV production in its' behind-the-meter commercial solar fleet. The projects, completed with EPC firms Solular, Eclipse Solar, and Kearse Electric, weathered the unprecedented earthquake, hurricane and rain which hit NJ in 2011 without a hitch. Actual performance results for the fleet in its first year of production were 107.6% (comparing actual kwh production vs. forecasted PV Watts production).SolarSense attributes this performance success to the combination of: Highly competent EPC firms; Best in class designs; Industry-leading Tier 1 products including MOTECH, SunPower and MAGE Solar PV Panels, and SMA and Enphase Inverters; And proactive performance monitoring and O&M on the fleet.
SolarSense secures $745,000 in new capital for the construction and project financing of (2) host customers’ commercial Solar PV system in NJ. Terms of the debt financing are undisclosed.
AEDG signs a definitive agreement with National Capital Resources to serve as Financial Advisor (FA) on select development projects in the AEDG pipeline. Commenting on the relationship, Chris Fraga, CEO of AEDG states, "Rodney Jones, Managing Partner of NCR, brings 30-years of experience, knowledge, relationships, integrity, and creativity to our team. We could not be more delighted with the relationship, capabilities, and results Rodney and his firm adds to ours for the successful development of projects in the alternative energy space".
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