Aggreko closes $66M solar portfolio financing

US-based Aggreko Energy Transition Solutions (AETS), a division of Aggreko Ltd., has secured $66 million in financing to support the development of its 88.5 MW portfolio of commercial, industrial (C&I), and community solar projects. These projects, spread across New York, Texas, and California, serve a wide range of customers, including utilities, corporations, and low- to moderate-income consumers. The financing, led by KeyBanc Capital Markets, is structured as a delayed-draw term loan to provide funds as the projects reach completion milestones. The financing will cover acquisition and construction costs and allow Aggreko to reinvest in future solar and battery storage projects, enhancing its renewable energy capabilities.