HESP Solar Secures $70 Million Construction Loan Facility for Landmark Monmouth County Solar Landfill Project

January 26, 2026

Monmouth County, NJ – HESP Solar LLC (“HESP”), a leading developer, owner, and operator of distributed solar energy assets, today announced the closing of its largest construction financing to date: a $70 million construction loan facility to support a landmark solar landfill project in Monmouth County, New Jersey.

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.

About HESP Solar
HESP Solar LLC, is a leading distributed solar developer, owner, and operator focused on delivering infrastructure-grade renewable energy projects across the Northeast United States. With over a decade of experience, HESP has developed, financed, constructed, and owned hundreds of solar projects, including complex landfill, brownfield, municipal, and community solar assets. The company is vertically integrated across the full project lifecycle and is committed to delivering long-term, revenue-generating clean energy infrastructure that creates meaningful environmental, economic, and community benefits. For more information, contact info@hespsolar.com

About Seminole Financial Services
Seminole Financial Services, LLC is a specialized renewable energy investment firm providing comprehensive financing solutions for distributed generation and mid-scale solar, wind, and battery storage projects. The company focuses on market segments often underserved by large financial institutions, offering tailored financing solutions designed to support successful project development and long-term deployment. Since 2009, Seminole has provided over $3 billion in financing across more than 2 GW of renewable energy projects, underscoring its commitment to advancing clean energy infrastructure nationwide. Seminole Financial Services, LLC is the operating entity for the six companies that, collectively, comprise The Seminole Companies. For more information, contact Chris Diaz at cdiaz@seminolefs.com. or at 727-331-8453.