ANNAPOLIS, Md., Feb. 10, 2017 /PRNewswire/ -- Hannon
Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," "we," "our," or the
"Company") (NYSE: HASI), a leading investor in sustainable
infrastructure, including energy efficiency and renewable energy,
today announced a $144 million
investment to acquire over 4,000 acres of land that is leased under
long-term contracts to over 20 individual solar projects with
investment grade off-takers. The projects have an aggregate
capacity of over 690 megawatts direct current (DC).
"We continue to find ways to optimize the capital stack for our
clients' projects, creating economic value for the client and
Hannon Armstrong," said Hannon Armstrong President and CEO Jeffrey Eckel. "The investment in over 20
individual projects in this transaction supports the continued
growth of our very diverse portfolio of assets."
Following this transaction, the Company now has invested
approximately $375 million in real
estate and owns more than 20,000 acres of land that are leased
under long-term agreements to over 45 renewable energy projects and
has the rights to payments from land leases for over 50 additional
projects. The projects are located in over 15 states.
About Hannon Armstrong
Hannon Armstrong (NYSE: HASI)
invests in sustainable infrastructure markets, including energy
efficiency and renewable energy. The Company focuses on providing
preferred or senior level capital to established sponsors and high
credit quality obligors for assets that generate long-term,
recurring and predictable cash flows. The Company is based in
Annapolis, MD.
Forward Looking Statements
Some of the information in this press release contains
forward-looking statements and within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. When used in this
press release, words such as "believe," "expect," "anticipate,"
"estimate," "plan," "continue," "intend," "should," "may,"
"target," or similar expressions, are intended to identify such
forward-looking statements. Forward-looking statements are subject
to significant risks and uncertainties. Investors are cautioned
against placing undue reliance on such statements. Actual results
may differ materially from those set forth in the forward-looking
statements. Factors that could cause actual results to differ
materially from those described in the forward-looking statements
include those discussed under the caption "Risk Factors" included
in our Annual Report on Form 10-K for our fiscal year ended
December 31, 2015, which was filed
with the U.S. Securities and Exchange Commission (SEC), as well as
in other reports that we file with the SEC.
Forward-looking statements are based on beliefs, assumptions
and expectations as of the date of this press release. The Company
disclaims any obligation to publicly release the results of any
revisions to these forward-looking statements reflecting new
estimates, events or circumstances after the date of this press
release.
Investor Relations
410-571-6189
investors@hannonarmstrong.com
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SOURCE Hannon Armstrong Sustainable Infrastructure Capital,
Inc.