US based solar power company Greenskies Renewable Energy has received a $165m financial package to finance 127 of its solar projects.
The company builds and maintains photovoltaic solar systems for corporate clients, municipalities and government agencies across the US.
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The amount was provided by First Niagara Financial Group and a tax equity provider to help the company finance the designing and construct of the photovoltaic solar projects that will be built from Maine to California.
The project will be capable of generating 85GWh of electricity each year, which will be enough to power 13,000 average New England households for a full year, according to the US Department of Energy.
Greenskies Renewable co-founder Michael Silvestrini said that once the project becomes operational, it would serve a broad range of commercial and municipal customers.
Greenskies till now has completed sixth round of financing with First Niagara since 2012.
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By GlobalDataFirst Niagara Financial Group vice president Peter J. Thomas said: "First Niagara is pleased to continue developing its relationship with Greenskies, a solar industry leader both in Connecticut and across the region.
"This particular financing vehicle allows the company to leverage additional capital and accelerate the distribution of green renewable energy throughout not only New England, but the entire nation."
