Solar developer Infiniti Energy has announced the successful closure of an $82.9 million structured finance facility with Fifth Third Bank, serving as administrative agent, to bolster its expanding portfolio of commercial solar projects set for construction this year.

This financing venture is being backed by Fiera Private Debt, and Tax equity is provided by Flagstar Bank. The significant injections of funds will facilitate the growth, construction, and operation of 21 MW of commercial and industrial (C&I) solar projects located in key areas such as New Jersey, California, and Illinois. Under power purchase agreements with a diverse group of solar offtakers, including retail, commercial, and industrial clients, Infiniti Energy will construct, own, and operate all sites.

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