SunStream Partners secures $11 million to finance construction of solar projects in New York

By Lisa Kerner

Charlotte, N.C., Dec. 10 – SunStream Partners, LLC closed an $11 million financing facility with a joint venture between Fundamental Advisors, LP and MMA Energy Capital, LLC, a subsidiary of MMA Capital Management, LLC.

Proceeds will be used for the construction of two separate 2.6 MW solar projects in New York, according to a news release.

The projects were awarded rebates under the NY-Sun Initiative, which brings together and expands existing programs administered by the New York State Energy Research and Development Authority, the Long Island Power Authority, PSEG Long Island and the New York Power Authority.

SunStream Partners, based in Albany, N.Y., develops, owns, operates and maintains custom solar installations.

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