Macquarie Capital Announces Debt Financing of Innovative California Battery Storage Project
CIT Group Inc (DEL) (CIT)
Last cit group inc (del) earnings: 4/21 06:00 am
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Source: Business Wire
$100 million debt financing to refinance existing systems and expand the portfolio with additional new project construction Lead investor CIT joined by Rabobank, Sumitomo Mitsubishi Banking Corporation Macquarie Capital and AMS continue to develop landmark battery storage project NEW YORK--(BUSINESS WIRE)-- Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group ("Macquarie") (ASX:MQG; ADR:MQBKY), today announced the closing of a $100 million debt financing of an innovative battery-based energy storage project in Southern California. The financing is part of a 52.5 MW / 315 MWh project for Southern California Edison (SCE) which backs the existing 66 MWh portfolio and funds construction of an additional 177 MWh portfolio of behind-the-meter, battery storage systems located in certain grid
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