Churchill Stateside Group LLC (CSG), a real estate and energy financial services company, has closed its tax credit equity fund for the development of 28 MW of solar energy projects in North Carolina. Churchill Stateside NC Tax Credit Fund IV LLC, the fourth solar energy fund sponsored by CSG, financed five ground-mounted, fixed-tilt solar energy projects commissioned in December 2015.
Since 2012, CSG’s tax credit equity funds and debt products have financed over $350 million of solar energy installations.
“Clearly, there is growing and widespread demand for investments in clean energy projects, and we are pleased to offer to investors our team’s unique experience and capabilities in tax-incentivized investments in clean energy assets, “ says Devin Sanderson, chief operating officer and director of renewable energy for CSG.
Joseph Switzer, senior vice president of Churchill Stateside Securities LLC, the fully licensed broker-dealer for CSG, adds, “With the extension of the investment tax credit in solar and wind, we are finding significant interest from a diverse spectrum of global institutional investors, illustrating the increasing appeal of renewable energy assets and the diversification benefits they bring to investment portfolios.”