First Citizens Bank said its Energy Finance division has introduced a new tax equity investment product to finance renewable energy projects.
This product allows qualified investors to benefit from tax incentives aimed at supporting renewable energy development.
Led by Mike Lorusso, First Citizens’ Energy Finance expands its expertise in renewable energy financing with this addition, which will primarily support solar, wind, and battery storage projects.
By offering tax equity investments, the bank addresses the market’s need for specialized knowledge in structuring these investments, joining a select group of lenders providing both senior debt and tax equity for renewable energy growth.