New Projects, Solar

Financing complete for solar PV project

True Green Capital Management LLC and CIT Group Inc. (NYSE: CIT) closed on $35 million of financing and the beginning of construction for a 12.3 MW solar photovoltaic array at Joint Military Base McGuire-Dix-Lakehurst in New Jersey. Terms of the deal were not disclosed.

The project is currently under construction and is expected to be complete in the second half of 2013. Trinity Solar is installing the panels.

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