Florida-based Seminole Financial Services says it is providing a $37.8 million construction loan for the 29.6 MW Halifax County Old Airport Solar Project in Roanoke Rapids, N.C.
The ground-mount project is being jointly developed by Geenex and ET Solar's U.S. subsidiary, ET Capital. The project is expected to be completed in December. Once complete, the facility will generate electricity for Dominion North Carolina Power under a power purchase agreement.Â
Seminole says the deal marks $533 million in construction and permanent debt financing toward solar and wind installations located throughout the continental U.S. and Hawaii, representing a combined capacity of 183 MW.
‘This milestone speaks to the relationship-first philosophy that has always been the foundation of Seminole's business model," says Robert J. Banks, CEO of Seminole Financial Services.’