31 May '16, 11am

PACE Roundup: Residential PACE Tops $2 Billion

Ygrene, a leading provider of property-assessed clean energy financing, recently received a $250 million credit facility to continue to scale its residential and commercial clean energy financing. The credit facility follows on an existing $150 million credit facility that Ygrene uses to support its projects, which are currently in California and Florida. Property-assessed clean energy (PACE) programs allow investments in water- and energy-efficiency retrofits and distributed renewable generation to be paid back through property taxes, which lowers the risk for both lenders and owners and can potentially open up a far larger swath of the energy-efficiency market. The $250 million credit facility came from three unnamed banks, including one national bank and two multinational banks. Ygrene CEO Stacey Lawson said it plans to bring that money together with its current $150 mi...

Full article: http://www.greentechmedia.com/articles/read/PACE-Roundup-...

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