SolAmerica Energy has finalized a $100 million revolving credit facility with Deutsche Bank, aimed at supporting the development of its growing portfolio of solar generation assets. The funds will be used to finance both the acquisition of equipment, such as photovoltaic modules and inverters, and the construction of ongoing projects.
Headquartered in Atlanta, SolAmerica Energy develops and operates distributed solar installations primarily across the Southeastern, Eastern, and Midwestern United States. The company is owned by funds managed by AB CarVal, a global alternative investment fund manager and subsidiary of AllianceBernstein. Deutsche Bank served as Administrative Agent and Collateral Agent on the transaction.
Strengthened Financing Strategy Since 2023
Since its acquisition by AB CarVal funds in 2023, SolAmerica has implemented multiple financing mechanisms totaling over $230 million. In addition to the newly announced credit line, the company closed a $50 million construction loan with KeyBank and a tax equity sale-leaseback transaction exceeding $80 million involving Key Equipment Finance.
These financial arrangements are designed to reinforce the company’s expansion in the small and mid-scale solar installation segment, a market in which it already holds a strong presence. SolAmerica primarily operates in the distributed generation sector, particularly in the area of community solar.
Expanded Role for Deutsche Bank in Energy Infrastructure
The transaction also marks a strategic milestone for Deutsche Bank, which continues to expand its portfolio in energy infrastructure financing in the United States. The bank sees SolAmerica’s operational model as offering sustained growth potential in the distributed solar generation segment.
For AB CarVal, the investment in SolAmerica aligns with a long-term capital allocation strategy toward energy assets, in response to evolving market needs for power capacity and diversification of supply. AB CarVal executives highlight the value of this financial support in advancing the construction and technical deployment phases of new installations.
