ACT Capital Secures $30M Development Financing for Teichos Energy's Solar Projects
ACT Capital Advisors has secured $30 million in development financing from Pathward, N.A. on behalf of renewable energy developer Teichos Energy to support its late-stage solar projects. BridgePeak Energy Capital served as the lender service provider for this transaction. The funding is intended to accelerate project development across the Northeastern United States. Teichos Energy, a Seattle-based utility-scale solar developer with over 14 years of experience in renewable energy, plans to use the capital to expand its portfolio and advance multiple projects simultaneously. ACT Managing Directors Brad Bodenman and Matt Latimer led the transaction, highlighting their collaboration with Pathward and BridgePeak. Pathward is part of Pathward Financial (Nasdaq: CASH), while BridgePeak Energy Capital specializes in energy-focused commercial loans across 27 states.
Tickers: $CASH
Topics: financing renewable energy solar projects