Apr 24 2010
Provider of PACE financing and administration services Renewable Funding LLC has expanded its new Property Assessed Clean Energy (PACE) program offerings in three U.S. states.
Renewable Funding will offer its support services in California’s Santa Barbara County; New Mexico’s Santa Fe County; and all across Louisiana State.
The company will finance, design and administer a PACE program named Renew Santa FE in Santa Fe County. This program will facilitate owners of private properties to finance renewable energy installations. To this end, the company will establish a partnership with Citigroup Capital Markets for providing funds.
In Santa Barbara County, the company will offer technology services such as the management and design of the Web portal using which property owners can apply and obtain funding for PACE projects.
Renewable Funding, in partnership with partners The Sisung Group, Solar Energy Squared and Jones Walker, is creating a Louisiana PACE program by means of the Louisiana Community Development Authority (LCDA) sponsorship. The program will fund both energy efficiency and renewable projects all across Louisiana State.
Earlier this month, the company introduced the ‘Green Finance SF’ program of San Francisco valued at $150 million. Moreover, Renewable Funding will introduce other programs in the future such as the PACE program of San Diego.
Source: http://www.renewfund.com/