The portfolio is primarily comprised of municipal projects, with approximately 50% of the assets serving public sector offtakes across HESP’s core Northeast markets. The transaction includes long-term capital from Fifth Third Bank, acting as lead arranger and lessor, along with its syndication partners.

This closing represents an important milestone for HESP, bringing the company’s cumulative financings since its transition to an IPP to over $100 million. The transaction further reinforces HESP’s ability to originate, structure and execute scalable financing solutions across diversified solar portfolios.

“We are pleased to continue building on our strong relationships with institutional capital providers and delivering repeatable financing solutions for our growing portfolio,” said Susan Brodie – Chief Operations Officer HESP Solar. “Our focus remains on developing high-quality assets with creditworthy offtake, particularly within the municipal segment, where we see continued opportunity for long-term growth.”

“HESP Solar has been highly consistent and reliable, demonstrating strong execution capabilities and a disciplined approach to developing high-quality distributed generation assets. We value the team’s ability to deliver repeatable results across portfolios and look forward to continuing our relationship as they scale their platform,” said Jonathan Stark, managing director and head of Renewable Energy Finance Group, Fifth Third Corporate and Investment Banking.

HESP Solar has been developing and constructing distributed generation solar projects for over a decade and continues to expand its footprint across key Northeast markets, with a robust pipeline of projects scheduled for deployment in 2026 and beyond.

At HESP, execution defines our platform. We consistently deliver projects from site control to COD in under six months well ahead of typical industry timelines. This approach has enabled us to complete over 40 projects across four core markets—New Jersey, Washington, D.C., Maryland, and Connecticut—in less than 12 months.

In parallel, we have established ourselves as a premier developer and owner of municipal solar, building a differentiated platform focused on public sector partnerships. Speed, consistency, and focus are what drive our growth.

The post HESP Solar Surpasses $100 Million in Financings with 46- Site Portfolio Close appeared first on HESP Solar.

The Monmouth County Solar Project is a 26-megawatt solar facility that will transform approximately 70 acres of a contaminated landfill into a productive renewable energy asset. The project supports New Jersey’s clean energy goals while returning underutilized land to beneficial use. A portion of the project will be dedicated to community solar, providing local households, including low- and moderate-income residents, with access to affordable clean energy without the need for rooftop installations. The project will deliver clean electricity to the PJM grid, enhancing regional grid reliability and energy resilience, with commercial operation anticipated in Q2 2026.

Seminole Financial Services will serve as the construction debt provider, funding the build-out and commissioning of the Monmouth County Solar Landfill Project. The transaction highlights HESP’s differentiated execution capabilities across the full project lifecycle – development, financing, construction, and ownership – converting complex landfill and brownfield sites into long-term, revenue-generating clean energy infrastructure assets.

“We are proud to partner with Monmouth County and Seminole Financial Services on this milestone project,” said Susan Brodie, Chief Operations Officer at HESP Solar. “This financing validates the strength of HESP’s development pipeline and reinforces our mission to deliver innovative renewable energy solutions that create meaningful environmental and community impact.”

Through strategic partnerships with local, union-shop contractors such as Lighton Industries Inc. and Furino & Sons, HESP is driving economic growth in New Jersey. The project has generated more than 100 well-paying union jobs, underscoring HESP’s commitment to workforce development and long-term community investment.

Seminole Financial Services is pleased to support HESP Solar on the Monmouth County Solar Landfill Project,” said Joe Ritter, Chief Development Officer & Principal at Seminole Financial Services. “We have a relationship with HESP that goes back over a decade, and throughout that time HESP has consistently demonstrated strong execution capabilities across development, construction, and financing. This project exemplifies their ability to deliver complex infrastructure assets, and we are proud to partner with HESP on a transaction that advances New Jersey’s clean energy goals while repurposing environmentally challenged land.”

As electricity demand rises nationwide, driven in part by artificial intelligence and data-center expansion, solar has emerged as one of the most cost-effective and rapidly deployable clean energy solutions. The PJM grid is at the center of this challenge, and the Monmouth County Solar Project demonstrates HESP’s ability to both remediate environmentally challenged sites and help alleviate local grid constraints.

The post HESP Solar Secures $70 Million Construction Loan Facility for Landmark Monmouth County Solar Landfill Project  appeared first on HESP Solar.