Sol Systems Secures USD 675 Mn Financing to Support 500 MW of Solar and Storage Projects in US
Sol Systems has secured a USD 675 million construction finance facility to accelerate the rollout of 500 MW of solar and storage projects across Illinois, Ohio, and Texas in the US. The first group of projects is expected to come online by the end of 2026.
July 21, 2025. By Mrinmoy Dey
The syndicate of lenders includes a group of leading financial institutions – Banco Bilbao Vizcaya Argentaria, SA, ING Capital LLC, Intesa Sanpaolo SPA, National Australia Bank Ltd., NatWest, and Natixis.
Richard Romero, CFO of Sol Systems said, “This facility is a major step forward in scaling Sol’s operating portfolio. It gives us the capital to reliably and quickly deliver clean energy projects across the country. We’re grateful to our partners and lenders for their vision, trust, and alignment to accelerate this shared mission.”
Dan Diamond, Chief Development Officer at Sol Systems added, “We’ve seen long term energy supply and demand market dynamics drive continued investment into renewables. Customers continue to leverage utility scale solar for cleaner, faster, cheaper generation supply. This sizable financing paves the way for the growth of our IPP platform.”
With this construction financing in place, Sol is positioned to efficiently expand its operating portfolio, allowing for a scalable cadence of project deployment. The facility further solidifies Sol’s standing as a top-tier IPP with the financial and operational capabilities to meet increasing demand from corporate, utility, and community partners.
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