CIT Solar

CIT Power and Energy, a business unit of CIT Group, specializes in providing comprehensive financial solutions for the power and renewable energy industries. As a leading arranger of secured loans in the U.S., they offer senior secured debt financing for projects and businesses, including solar power, wind power, and battery storage, in addition to conventional source power projects. The group manages a large, diverse portfolio and serves clients with critical strategic and funding needs.

Their key focus areas include financing renewable sectors such as solar power, wind, geothermal, and hydropower, as well as battery/energy storage systems, distributed generation, and conventional power. They offer a variety of services, including construction and term lending, leveraged finance, and capital markets and syndication support. CIT Power and Energy has been recognized for its expertise, including receiving the 2020 Stevie American Business Award and being named Renewable Energy Lead Arranger of the Year by Power Finance & Risk for its innovative financing for solar and utility-scale battery storage projects.