First Citizens Bank, through its energy finance business, is introducing a new tax equity investment product designed to help finance renewable energy projects. read more

OCT 31, 2024 - 6:07 am

First Citizens Bank's energy finance business and Jupiter Power closed on $65.2 million in financing for construction of a 200-megawatt (MW)/400 megawatt-hour (MWh) battery energy storage system in Houston. read more

DEC 20, 2023 - 6:51 am

First Citizens Bank’s energy finance business acted as co-lead arranger on $250 million in financing on behalf of a portfolio of 327MW, one-hour duration battery storage projects developed in California by Middle River Power. read more

NOV 17, 2023 - 6:49 am

First Citizens Bank’s energy finance business served as lead agent on a $170 million credit facility for esVolta, a developer, owner and operator of utility-scale battery energy storage projects in North America. read more

NOV 16, 2023 - 6:23 am

First Citizens Bank’s energy finance business served as lead agent on $60 million in financing to Gore Street Energy Storage Fund for the development of a 200-megawatt battery storage project located in Imperial County, CA. read more

OCT 25, 2023 - 7:06 am

First Citizens Bank’s energy finance business has served as coordinating lead arranger on three battery storage project financings for Plus Power, collectively representing $672 million in financing and 700 megawatts of energy storage capacity. read more

OCT 18, 2023 - 6:30 am

First Citizens Bank’s energy finance group, part of the CIT division, served as sole lead arranger on $211 million in financing for the 200-megawatt Oak Solar power plant in Gaston, NC. read more

JUL 26, 2023 - 6:55 am

First Citizens Bank’s energy finance group, part of the CIT division, served as the coordinating lead arranger on a $70.4 million construction and term loan financing facility for two standalone Jupiter Power battery energy storage projects in Texas. read more

JUL 18, 2023 - 6:38 am

NineDot Energy, a developer of community-scale clean energy projects, closed on a new $85 million construction-to-term debt facility. Provided by CIT and SMBC, the facility supports the construction and operation of 11 battery storage sites. read more

DEC 8, 2022 - 7:29 am

The power and energy business of CIT, a division of First Citizens Bank, served as lead arranger on $419 million in financing for the acquisition of the Broad River power generation facility in Gaffney, SC. read more

NOV 18, 2022 - 6:57 am

CIT’s power and energy business served as coordinating lead arranger of construction financing for a major new solar energy project in Texas. read more

NOV 4, 2022 - 7:00 am

CIT’s power and energy business served as sole lead arranger of financing for the development of Swell Energy’s pipeline of new behind-the-meter commercial energy storage projects in California. read more

AUG 3, 2022 - 7:06 am

CIT’s power and energy business arranged $88 million in financing for a 173-megawatt standalone merchant battery storage facility in Texas. Siemens Financial Services participated as joint lead arranger in the financing. read more

JUL 21, 2022 - 7:26 am

CIT’s power and energy business served as coordinating lead arranger on $714 million in financing for a portfolio of thermal generation assets in California. The proceeds will be used to refinance a 1.8-gigawatt portfolio managed by Middle River Power. read more

MAY 12, 2022 - 7:40 am

CIT’s power and energy business served as coordinating lead arranger on $71.4 million in financing for a portfolio of solar projects in Howard County, MD, for Arches Solar, a subsidiary of CleanCapital. read more

FEB 18, 2022 - 6:54 am