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BELLEAIR BLUFFS — Seminole Financial Services closed financing for three renewable energy projects during the past week, it announced in a news release Thursday.
The company, which provides financing for solar and wind energy projects, says it has granted 14 construction loans so far in 2012, which surpasses the 12 projects it financed in 2011.
The three projects for which financing closed this week are located in California. They include a solar ground-mounted project at a wastewater reclamation plant, and two wind installations at different locations for a global building materials manufacturer. The three projects have a total capacity of 7 megawatts, the firm says in a release.
Seminole provides financing for 32 projects and more than 67 megawatts of solar and wind energy projects. Since its inception in 2009, it has committed more than $200 million to projects around the country for municipalities and utilities, as well as for companies such as Wal-Mart, BJ's Wholesale Club, Safeway, and Anheuser-Bush.
Based in Belleair Bluffs, Seminole Financial Services is a national leader in providing construction and debt for below-utility-scale renewable energy projects, usually between $2 million and $30 million in value. The firm is the operating entity of six companies that make up the Seminole Companies. Seminole Financial Services originates debt and equity real estate investments nationwide for institutional investors.
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