Greenwood refinances debt for 26-MW solar project portfolio

Greenwood Sustainable Infrastructure, a clean energy business of Libra Group, has closed a USD-22-million (EUR-18.6m) refinancing deal tied to a 26-MWdc solar project portfolio in New York, Vermont, and Florida.
The loan deal was signed with Seminole Financial Services, the latter said on Tuesday. The debt facility has a six-year term and a 20-year amortisation, with maturity in 2031.
The portfolio that will benefit from the transaction includes six photovoltaic (PV) projects, among which is the 7-MW Elizabeth Mine park in Vermont. Two of the plants are located in New York State, while another two were built on former remediation sites in Orlando, Florida.
“This transaction strengthens GSI’s balance sheet, while also deepening our partnership with Seminole as we work together to support the next phase of growth in the US renewable energy market,” said Ahmar Zaman, CFO of Greenwood.
New York-based Greenwood specialises in distributed generation and utility-scale solar energy and battery storage projects in North America. As of end-2025, the company had developed 82 renewable energy projects totalling roughly 581 MWdc and had a 2.4-GW pipeline.