Sustainable Energy
The financial market has begun embracing the need for renewable energy sources, and CIG sees the opportunity to effectuate change and be a part of the overall solution. CIG is doing so by de-risking solar projects in a manner where projects become “stand-alone” (no credit wraps or co-signers) investment-grade green bonds. This method opens the door for many other types of investors to purchase CIG’s investment-grade note issuances of fixed and floating bonds for its projects.
8 Utility Solar Energy Projects
Security - Tax Credits - BBB Rate Bonds
$5 Billion FMV
Overview
With CIG’s 100% project development and funding model, we work with our investment bankers and placement distribution desks to provide almost all the layers of the capital stack, including the late development funds, the bridge, the mezzanine, the construction, the equity and quasi-equity, and the short-term and permanent funding.
Additional details
Tax Credits
CIG solar projects leverage federal tax incentives, such as the 50% ITC, to mitigate risk and reduce upfront project costs.
Fortune 500 Partners
CIG has a contract to sell and a guaranteed buy of 2,400,000 MWh/year to Fortune 500 customers over the next 17 years.
Hydrogen & Data Center
Solar fields will generate energy and power offtakes such as hydrogen production and data centers.