CIT Serves as Lead Arranger of $88 Million Financing for Texas Battery Energy Storage System

NEW YORK, July 20, 2022 /PRNewswire/ — CIT, a division of First Citizens Bank, today announced that its Power and Energy business arranged $88 million in financing for a 173-megawatt stand-alone merchant battery storage facility in Texas. The borrower, Wolf Tank Storage, is an affiliate…

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