- link Copy URL - [ Share on X ](https://twitter.com/intent/tweet?text=CIT Named Top Lead Arranger for Renewable Energy Financing https://www.3blmedia.com/markdownify/node/297611?absolute=1&via=3blnews "Share on X") - [ Share on linkedin ](https://www.linkedin.com/shareArticle?mini=true&url=https://www.3blmedia.com/markdownify/node/297611?absolute=1 "Share on Linkedin") - [ Share on facebook ](https://www.facebook.com/sharer/sharer.php?u=https://www.3blmedia.com/markdownify/node/297611?absolute=1 "Share on Facebook") - [ email Share via email ](mailto:?subject=CIT Named Top Lead Arranger for Renewable Energy Financing&body=ESG News from CIT https://www.3blmedia.com/markdownify/node/297611?absolute=1 "Share via email") [Awards & Rankings](/categories/awards-rankings) # CIT Named Top Lead Arranger for Renewable Energy Financing Sep 8, 2020 4:10 PM ET ![](https://3blcdn.com/styles/carousel_2x/s3/2026-08/PFR-Winner-logo-CIT_-_Copy_1786739499.jpg) NEW YORK, September 8, 2020 /3BL Media/ - [CIT Group Inc.](https://c212.net/c/link/?t=0&l=en&o=2909501-1&h=1513474740&u=https%3A%2F%2Fwww.cit.com%2Findex.aspx&a=CIT+Group+Inc.) (NYSE: CIT) today announced that its [Power and Energy](https://c212.net/c/link/?t=0&l=en&o=2909501-1&h=988275184&u=https%3A%2F%2Fwww.cit.com%2Fcommercial%2Findustries%2Fenergy-finance-solutions%2F&a=Power+and+Energy) business was named Renewable Energy Lead Arranger of the Year by Power Finance & Risk, a top publication covering the energy project finance industry. CIT's [Power and Energy](https://c212.net/c/link/?t=0&l=en&o=2909501-1&h=988275184&u=https%3A%2F%2Fwww.cit.com%2Fcommercial%2Findustries%2Fenergy-finance-solutions%2F&a=Power+and+Energy) business was selected by the Power Finance & Risk editorial team based on its independent research and industry insights. The award is granted for excellence and innovation while serving as lead arranger in financing renewable energy projects for a variety of clients, the magazine said. "We are honored to receive this Renewable Energy Lead Arranger of the Year Award in recognition of CIT's expertise and agility in supporting clients in leading financings for clean energy projects across the U.S.," said David Harnisch, president of CIT's [Commercial Finance](https://c212.net/c/link/?t=0&l=en&o=2909501-1&h=3332646876&u=https%3A%2F%2Fwww.cit.com%2Fcommercial%2Fsolutions%2Fcommercial-finance%2F&a=Commercial+Finance) division, which includes the Power and Energy group. "In recent years, our [Power and Energy](https://c212.net/c/link/?t=0&l=en&o=2909501-1&h=988275184&u=https%3A%2F%2Fwww.cit.com%2Fcommercial%2Findustries%2Fenergy-finance-solutions%2F&a=Power+and+Energy) team has done exceptional work in leading financings for some of the biggest and most innovative renewable power projects in the nation," said Mike Lorusso, who leads Power and Energy as managing director and group head. "We're proud to receive this recognition from Power Finance & Risk, itself a recognized leader in the field. "We look forward to continuing to serve our clients with the financing they need to develop renewable power generation, support economic development and create a cleaner, more sustainable environment for everyone," Lorusso added. CIT consistently ranks among the top banks in leading financing for U.S. power and renewables projects, according to league tables compiled by Inframation, an Acuris company. Earlier this year, CIT received a [Stevie American Business award](https://c212.net/c/link/?t=0&l=en&o=2909501-1&h=1498462756&u=http%3A%2F%2Fcit.mediaroom.com%2F2020-05-27-CIT-Wins-Three-Stevie-R-American-Business-Awards&a=Stevie+American+Business+award) for achievement in banking management in recognition of its continuing success in financing renewable power projects and utility-scale battery storage projects across the U.S. [Power and Energy](https://c212.net/c/link/?t=0&l=en&o=2909501-1&h=988275184&u=https%3A%2F%2Fwww.cit.com%2Fcommercial%2Findustries%2Fenergy-finance-solutions%2F&a=Power+and+Energy), part of CIT's [Commercial Finance](https://c212.net/c/link/?t=0&l=en&o=2909501-1&h=3332646876&u=https%3A%2F%2Fwww.cit.com%2Fcommercial%2Fsolutions%2Fcommercial-finance%2F&a=Commercial+Finance) division, leverages its deep industry knowledge and expertise to offer comprehensive financing solutions for renewable and conventional power generation. The unit manages a large, diverse portfolio that includes investments in all asset classes across the energy sector. [![CIT logo](/sites/default/files/Clients/020822_-_CIT_-_CIT_ADivOfFirstCitizensBank_RGB.png)](/profiles/cit) ### More from CIT ###### [ CIT Employees Receive Shout Out From The Who for Their Work With Teen Cancer America](/news/cit-employees-receive-shout-out-who-their-work-teen-cancer-america) Mar 11, 2022 3:05 PM ET ###### [CIT Serves as Coordinating Lead Arranger on $71.4 Million Financing for Howard County, Maryland Solar Portfolio](/news/cit-serves-coordinating-lead-arranger-714-million-financing-howard-county-maryland-solar) Mar 7, 2022 12:25 PM ET ###### [CIT Serves As Lead Arranger of $50.5 Million Financing for New York State Solar Portfolio](/news/cit-serves-lead-arranger-505-million-financing-new-york-state-solar-portfolio) Jan 20, 2022 11:40 AM ET ###### [CIT Serves as Coordinating Lead Arranger for $210 Million Financing for Brazoria West Solar Project in Texas](/news/cit-serves-coordinating-lead-arranger-210-million-financing-brazoria-west-solar-project-texas) Dec 15, 2021 2:05 PM ET ###### [CIT Donates 1.5 Million Meals to Feeding America® This Holiday Season](/news/cit-donates-15-million-meals-feeding-americar-holiday-season) Dec 13, 2021 9:05 AM ET ###### [CIT Leads Refinancing of $69 Million Strata Clean Energy Portfolio](/news/cit-leads-refinancing-69-million-strata-clean-energy-portfolio) Dec 9, 2021 1:10 PM ET ###### [CIT Supports New 200-Megawatt Amazon Solar Farm in OH](/news/cit-supports-new-200-megawatt-amazon-solar-farm-oh) Dec 7, 2021 11:15 AM ET ###### [CIT Serves as Sole Lead Arranger on $67.8 Million Financing for Upstate New York Solar Power and Battery Storage Portfolio](/news/cit-serves-sole-lead-arranger-678-million-financing-upstate-new-york-solar-power-and-battery) Nov 2, 2021 5:15 PM ET