Project Spotlight Archives - National Trust Energy Capital

National Trust Energy Capital Financing

$43.1 Million

Fair Market Value

$112.6 Million

Megawatts

45.84

Number of Sites

In partnership with the United States Solar Corporation (US Solar), a developer, owner, operator, and financier of solar generation and storage projects with a focus on emerging markets and community solar programs, National Trust Energy Capital provided an equity investment in the $43.1 million in Solar Investment Tax Credits (ITC) generated by the development of the solar sites located across Colorado.

The 45.845 MW installations will generate an estimated 89 million kilowatt-hours (kWh) annually, which:

Creates enough electricity to power nearly 8,300 homes each year
Offsets CO2 emissions generated from burning nearly 49 million pounds of coal annually
Sequesters the same amount of carbon from the atmosphere as over 44,000 acres of forest
Offsets the CO2 emissions generated from consuming 5 million gallons of gasoline annually

About United States Solar Corporation

United States Solar Corporation (US Solar) was founded in 2014 and focuses on developing and operating distributed solar in key Community Solar markets in Minnesota, Illinois, and Colorado. US Solar has originated over 235 million annual kWhs of community solar subscriptions with nearly 100 commercial/municipality customers and over 4,000 residential customers. US Solar has over 150 MWs of community solar under construction or in operation. As of December 2023, US Solar has produced 562 million kWh of clean energy.

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National Trust Energy Capital brings investors, developers, and energy opportunities together through experienced tax credit investment and asset management expertise. Whether you’re looking to put capital to work or secure financing for an energy project, our team can help you identify opportunities, navigate complexity, and move forward with confidence.

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National Trust Energy Capital Financing

$3.3 Million

Fair Market Value

$8.6 Million

Megawatts

1.31

Number of Sites

In partnership with the Prometheus Power Group, a Michigan-based developer with a focus on Community Solar initiatives, National Trust Energy Capital provided an equity investment in the $3.3 million in Solar Investment Tax Credits (ITC) generated by the development of the solar site in Eastport, Maine. This is National Trust Energy Capital v’s first investment with Prometheus Power Group and ninth collaboration with investor PeoplesBank.

The Eastport project will serve a mix of residential and commercial subscribers through Maine’s Community Solar program, offering a  15% fixed discount  on all allocated bill credits. The project also qualifies for the 10% Domestic Content adder under the Inflation Reduction Act, supporting U.S.-based manufacturing by utilizing domestically manufactured panels.

The 1.36 MW installations will generate an estimated 1.77 million kilowatt-hours (kWh) annually, which:

Creates enough electricity to power nearly 135 homes each year
Offsets CO2 emissions generated from burning nearly 860,000 pounds of coal annually
Sequesters the same amount of carbon from the atmosphere as over 784 acres of forest
Offsets the CO2 emissions generated from consuming 87,000 gallons of gasoline annually

About Prometheus Power Group

Prometheus Power Group is a developer and operator of community solar projects in the Northeastern, Mid-Atlantic, Midwestern, and Mountain West of the United States. The team has 150 MW in projects developed or in their near-term pipeline. Prometheus led the acquisition of the Eastport project from the original project developer, MidCoast Solar LLC, to their operating venture, Nugenics Solar LLC. To learn more about Prometheus Power Group, click here.