Nixon Peabody Aids US Bank In Funding For Solar Co. KDC

Law360, New York (December 15, 2011, 5:03 PM EST) -- U.S. Bancorp has committed new tax-equity financing to private equity-backed KDC Solar LLC to fund a string of New Jersey rooftop projects, the parties announced Thursday.

KDC has already completed its first installation — a 3.25-megawatt system atop a warehouse in central New Jersey — and is set to break ground on a second 3.5-megawatt project this month, the company said. KDC focuses on so-called behind-the-meter solar installations, which help buildings cut their energy costs or, in some cases, become net energy producers.

“We are extremely...
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