November 12, 2020
Cambridge, MA.  Kendall Sustainable Infrastructure, LLC (“KSI”) announced that it has closed on a $27 million back-leverage refinancing of 40 solar projects that it owns and operates in Vermont, California and New York.   The solar projects were built between 2015 and 2018 and provide clean energy and meaningful savings to a variety of schools, municipalities, utilities and community members.  All projects are held in Kendall Sustainable Infrastructure I, L.P., a fund managed by KSI.

“We were pleased with the attractive terms of the refinancing,” said Managing Director Ken Lehman.  “We built a portfolio with great performance and great off-takers and we are glad to now match it with a strong refinancing package.”

The refinancing reflects the progress that solar has made.  “Years ahead of the current energy transition, we began working on building and operating sustainable infrastructure projects that meet fundamental needs, help their communities and provide solid returns for the investors who back them,” said John Chaimanis, Managing Director.  “This refinancing is additional validation that the world is transitioning to more sustainable infrastructure.”

KSI II is actively being deployed, and it is expected that KSI III will be available in the coming months.

About KSI
Kendall Sustainable Infrastructure, LLC (“KSI”) is dedicated to building and owning sustainable, long-lived assets, including solar, water, and other infrastructure projects. We believe that changing the way people get electricity and manage water can be done more resiliently and cleanly. Doing this improves the quality of life for all us. We believe that by empowering local companies through the provision of finance and a problem solving mindset that we can deliver these very heavily demanded solutions. The companies that we empower will grow, their communities will get stronger, and we can produce attractive returns to our investors.

KSI provides capital to local developers and EPC contractors during development and at project takeout.  Please reach out to us if you have projects that you would like to discuss.

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