US Bancorp did not provide financial details of the agreement.
Earlier this year, it launched a new investment syndication that allows both first time and experienced investors to participate in the renewable energy tax-equity market.
With the Red Horse 2 deal, Zions Bank is co-investing with US Bancorp and benefitting from the larger institution’s underwriting, structuring, and ongoing asset management experience.
“Given our focus on sustainable energy production and Zions Bank’s interest in ensuring clean electricity sources for its customers in Arizona, this partnership was a success on all fronts,” says Chris Roetheli, vice president of US Bancorp Community Development Corporation, the subsidiary that is managing the transaction.
“We
