US headqurteredSol Systems, an independent power producer (IPP), has secured a $675 million revolving construction finance facility for upcoming solar and storage projects. The funding supports an initial 500 MW capacity in Illinois, Ohio, and Texas, expected online by end of 2026. It includes construction loans, tax equity bridge loans, and letters of credit. The facility strengthens Sol Systems’ position as an independent power producer with scalable project deployment. KKR Capital Markets was the structuring and placement agent. ING Capital acted as Documentation Agent and was joined by Intesa Sanpaolo and Natixis as Joint Green Loan Structuring Agents. Lenders include ING Capital, Natixis, Intesa Sanpaolo, Banco Bilbao Vizcaya Argentaria, National Australia Bank, and NatWest. Bracewell LLP advised Sol Systems, while Milbank LLP represented the lenders. The deal reflects strong institutional confidence in Sol’s project pipeline and long-term outlook.Prior to this funding, Sol Systems entered a 10 megawatt solar PPA in Texas with Gridmatic, reinforcing its utility-scale activity in the state.