“On November 8, 2019, NY Green Bank (“NYGB”) provided a 24-month senior secured $2.5 million bridge loan facility (the “Bridge Loan”) to Eden Devco Borrower LLC (“Borrower”), which is owned by Eden Devco LP (“Sponsor”), a limited partnership that is managed by Eden Renewables LLC (“Eden”). On March 31, 2020, NYGB increased the Bridge … [Read more…]
” The NY Green Bank registered USD 117.5 million (EUR 108.4m) of clean energy investments in the fourth quarter of 2019, its strongest quarter in terms of financing commitments. NY Green Bank is focused on supporting investment in renewable energy and energy efficiency projects, in line with the state’s goal to source 70% of … [Read more…]
“$2.5 Million Bridge Loan to Eden Renewables – Supporting the Deployment of Community Solar Projects NY Green Bank’s $2.5 million bridge loan to Eden Renewables will finance the deposits made to National Grid to secure interconnection rights for a portfolio of community distributed generation solar projects in New York State. This transaction is expected … [Read more…]
“Bridge Loan to Support the Deployment of Community Solar Projects Eden Renewables, LLC On November 8, 2019, NY Green Bank (“NYGB”) provided a 24-month senior secured $2.5 million bridge loan facility (the “Bridge Loan”) to Eden Devco Borrower LLC (“Borrower”), which is owned by Eden Devco LP (“Sponsor”), a limited partnership that is managed … [Read more…]