Luminia, with a 600 MW-plus mission pipeline, is actively growing group photo voltaic installations and different initiatives, primarily all through the northeastern United States.
From pv journal USA
California-based Luminia, a financier of group photo voltaic and different sustainability initiatives, reported that it closed 2022 with greater than $2.5 billion in business photo voltaic financing requests throughout america, representing of practically 200 MW of economic photo voltaic initiatives, with a growth pipeline of 600 MW of extra initiatives.
As of 2022, Luminia (previously SD Renewables), presents financing options serving business property house owners throughout 36 states with a wide range of wants. Its options vary from multi-family and industrial actual property funding belief (REIT) portfolios to non-public instructional establishments and agricultural initiatives.
The corporate permits property house owners to achieve entry to a wide range of upkeep and asset worth enhancements, comparable to automobile electrical charging infrastructure and water conservation enhancements. The initiatives it helps differ in dimension and scope to fulfill particular person state and municipal necessities with a median mission dimension of 9.5 MW. The 5 key markets for the corporate are Massachusetts, New York, Maine, New Hampshire and New Jersey. In Maine, Luminia closed a 15 MW group photo voltaic mission with NH Photo voltaic Backyard in 2022, offering entry to intermediate and long-term financing.
Luminia continues to develop its suite of monetary choices for giant business portfolio house owners.
“Our REIT-friendly financing buildings enable landlords to successfully share the advantages of photo voltaic with their tenants, enabling landlords and tenants to profitably speed up photo voltaic adoption and obtain their objectives.” aim of ESG,” mentioned Jim Kelly, the co-founder of Luminia. “Moreover, our strategic concentrate on group photo voltaic gives an alternative choice for our portfolio shoppers to monetize their rooftops.”
Luminia’s resolution was not too long ago launched on Vitality Toolbase’s ETB Developer platform, serving to builders entry energy buy settlement quotes and extra financing choices tailor-made to suit buyer wants.
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