SolAmerica Energy, a developer, owner, and operator of solar projects, secured a $100 million revolving credit facility from Deutsche Bank. The funding will be used for the development of the company’s growing portfolio of projects, equipment, including solar modules and inverters to be used in projects, as well as project construction.
The company, headquartered in Atlanta, and owned by funds managed by global alternative investment manager AB CarVal, focuses on developing and managing distributed solar generation assets across the U.S. Southeast, East Coast, and Midwest. Deutsche Bank acted as Administrative Agent and Collateral Agent for the transaction.
According to the release, this marks the company’s third financing since its acquisition by AB CarVal funds in 2023, in addition to a $50 million construction loan with KeyBank and a sale-leaseback tax equity deal exceeding $80 million, as an investment with or to be syndicated by Key Equipment Finance.
Katherine Mason, the CFO of SolAmerica Energy, said, “SolAmerica is pleased to close this $100 million revolving credit facility, which strengthens our financial flexibility as we continue to scale our renewable energy platform. This facility reflects strong lender confidence in our business model and long-term vision. We look forward to growing the relationship with Deutsche Bank as we continue to advance the energy transition.”
“We are excited to expand our distributed generation development facility offering to SolAmerica Energy, a high-quality developer with a proven track record in the community solar space. We look forward to continuing to support SolAmerica Energy as they deliver reliable, affordable, and clean energy to ratepayers,” said Jeremy Eisman, Head of Infrastructure and Energy Financing at Deutsche Bank.
According to Mercom’s 1H and Q2 2025 Solar Funding and M&A report, large-scale project funding increased by 65% in the first half of 2025 compared to the same period in 2024.
In August, Scatec, a renewable energy solutions provider, secured BRL 150 million (~$27 million) non-recourse project financing for the development of a 142 MW solar project in Minas Gerais, Brazil. The funding was provided by Banco de Nordeste do Brasil.
