31 Mar '16, 7pm

Solar projects are a good investment. Read why we're backing them at @GreenBiz:

Many businesses are evaluating solar projects as a method of managing their long-term electricity costs while increasing their clean energy portfolio. Patagonia also views them as a corporate investment opportunity, a strategy it encourages other businesses to emulate. In early March, the apparel company announced a $35 million tax equity fund in collaboration with Kina’ole Capital Partners dedicated to supporting residential solar installations. The fund, actually the second one of its nature backed by Patagonia, uses a combination of solar investment tax credits — right now, they cover up to 30 percent of the costs — and projected income from 20-year power purchase agreements (PPAs) to buy approximately 1,500 residential solar projects. The fund falls under Patagonia’s $20 Million and Change venture capital program , launched in 2013 to back "responsible start-up compani...

Full article: https://www.greenbiz.com/article/why-patagonia-backing-re...

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