Radial Power has successfully secured $80 million in tax equity financing from Bank of America, signifying a significant step towards the advancement of the company’s distributed generation projects in the coming year. The financing will specifically support a comprehensive array of integrated commercial and industrial (C&I) as well as community solar initiatives. Radial Power’s ambitious pipeline indicates the installation of an estimated 96 MW of C&I and community solar projects across nine states.

For Radial Power, this successful transaction with Bank of America marks the commencement of a powerful collaboration. The alliance reflects Bank of America’s overarching dedication to deploying $1.5 trillion in sustainable finance capital by 2030. Danielle King of Bank of America reiterated the institution’s commitment to promoting the scalable and affordable delivery of clean, local power to communities, businesses, and individuals. The combined efforts of both entities exemplify a shared vision for the expansion of renewable energy solutions.

The successful closure of this tax equity financing serves as a testament to Radial Power’s steadfast dedication to propelling the transition towards sustainable energy. It symbolizes a pivotal milestone, with far-reaching implications for the expansion and integration of renewable energy solutions nationwide.

The collaboration between Radial Power and Bank of America heralds a promising era for the propagation of clean energy initiatives, underscoring the vital role of strategic partnerships and financial backing in catalyzing meaningful industry transformation. This momentous accomplishment sets the stage for a sustainable and resilient future, driven by innovative clean energy solutions.

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.