SunVest Solar LLC, a leading renewable energy business based in Chicago and Milwaukee, has recently announced the successful closure of a construction loan facility worth $60 million. This funding will play a crucial role in supporting the ongoing construction of community solar assets across Illinois, Maine, and Minnesota in the coming years.

With this construction loan facility, SunVest Solar aims to develop up to 50 MW DC of community solar projects through 2023 and into 2024. All projects under this facility will be owned and operated by SunVest, expanding their total assets under management to over 125 MW DC.

SunVest Solar’s growing portfolio of community solar projects enables residents and businesses to actively participate in the renewable energy transition while contributing to the economic growth within their respective communities. By offering subscription opportunities, SunVest ensures that renewable energy is accessible to a wider audience.

Moreover, SunVest Solar is committed to building long-term relationships with community solar subscribers, utilities, system operators, developers, and subscription managers across various national markets. Currently, the company has a specific focus on the near-term development of community solar projects in Illinois, Maine, Minnesota, and New Mexico.

By securing this substantial financing facility, SunVest Solar solidifies its position as a leader in the renewable energy industry. Their dedication to sustainable practices and commitment to expanding access to clean energy are evident in their ambitious project pipeline and strategic partnerships.

Disclaimer: The information provided in this research report is for informational purposes only and should not be interpreted as financial or investment advice. The energy market is highly volatile, and readers should conduct thorough research before making any investment decisions.