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From Jupiter Power: First Citizens Bank Serves as Lead Arranger on $70.4 Million in Financing for Two Texas Battery Storage Projects

PR Newswire - Mon Jul 17, 6:00AM CDT

NEW YORK, July 17, 2023 /PRNewswire/ -- First Citizens Bank today announced that its Energy Finance group, part of the CIT division, served as the Coordinating Lead Arranger on a $70.4 million construction and term loan financing facility for two standalone battery energy storage projects in Texas, totaling 160 megawatts (MW) / 320 megawatt-hours (MWh). BankUnited, N.A. and Siemens Financial Services participated as Joint Lead Arrangers in the financing.


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