Luminia, with a 600 MW-plus undertaking 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 the USA, representing of practically 200 MW of business photo voltaic initiatives, with a improvement pipeline of 600 MW of further initiatives.
As of 2022, Luminia (previously SD Renewables), presents financing options serving business property homeowners throughout 36 states with quite a lot of wants. Its options vary from multi-family and industrial actual property funding belief (REIT) portfolios to personal academic establishments and agricultural initiatives.
The corporate permits property homeowners to realize entry to quite a lot of upkeep and asset worth enhancements, equivalent to car electrical charging infrastructure and water conservation enhancements. The initiatives it helps differ in measurement and scope to satisfy particular person state and municipal necessities with a mean undertaking measurement of 9.5 MW. The 5 most essential markets for the corporate are Massachusetts, New York, Maine, New Hampshire and New Jersey. In Maine, Luminia closed a 15 MW group photo voltaic undertaking with NH Photo voltaic Backyard in 2022, offering entry to intermediate and long-term financing.
Luminia continues to increase its suite of economic choices for big business portfolio homeowners.
“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 targets.” objective of ESG,” stated Jim Kelly, the co-founder of Luminia. “Moreover, our strategic concentrate on group photo voltaic offers another choice for our portfolio shoppers to monetize their rooftops.”
Luminia’s resolution was not too long ago launched on Power Toolbase’s ETB Developer platform, serving to builders entry energy buy settlement quotes and extra financing choices tailor-made to suit buyer wants.
This content material is protected by copyright and will not be reused. If you wish to cooperate with us and need to reuse a few of our content material, please contact: [email protected].
