Financing will support the development of a 4MW/21MWh project.
US-based private lender SunRocket Capital has closed a $15 million financing package for a solar with battery storage project designed to provide power to the data center sector in Illinois.
The financing will support the development of a 4MW/21MWh project being developed by an undisclosed renewable energy developer. DCD has reached out to the company for further information.
“SunRocket Capital is proud to facilitate the growth of renewable energy infrastructure that powers the future of technology,” said Derek Gabriel, head of origination for SunRocket Capital. “Our focus is on providing efficient and effective financing solutions that enable developers to meet the increasing demand for green energy in high-growth sectors like AI and data processing. We are committed to working with developers who share our vision for a sustainable future and possess strong projects with creditworthy offtakers.”
According to the company, the project will enable data centers in the region to operate with greater efficiency and sustainability, contributing positively to the grid and the broader adoption of clean energy.
Sun Rocket is a private lending company that specializes in the financing of commercial, industrial, and community solar projects.
The firm has its own renewable-focused structured credit solution, SolarC2P, designed to finance projects at or near notice to proceed and seamlessly convert to term debt upon reaching commercial operations.
Illinois is one of the US’s largest data center hubs. According to Data Center Map, there are 224 facilities in the state operated by 61 companies.
Several have signed solar supply deals to power their operations, including Microsoft, Digital Realty, and Google.
