Hillsborough County is close to creating a new way for property owners to pay for upgrades to make their homes or businesses more energy-efficient or hurricane-resistant.
The property-assessed clean energy (PACE) model is an innovative mechanism for financing energy efficiency and renewable energy improvements on private property.
In a Ygrene Energy Fund press release, the company announced that its Ygrene PACE (property assessed clean energy) program has created 1,945 jobs in Florida.
For the last two years, renewable energy has been the largest source of new power generation, and the solar industry will have another banner year of growth, doubling capacity from 2015 with an expected 13.9 GW install base in 2016.
Lightyear Capital LLC, private equity firm based in New York, today announced it has completed an investment of $95 million in Ygrene Energy Fund of Santa Rosa.
On December 21, PACE provider Ygrene Energy Fund, announced a $95 million investment from a fund affiliated with private equity firm Lightyear Capital LLC.
NEW YORK --Lightyear Capital LLC (“Lightyear”), a New York-based private equity firm focused on financial services investing, today announced that an investment fund affiliated with Lightyear has completed an investment of $95 million in Ygrene Energy Fund (“Ygrene”), a provider of residential, multifamily, and commercial Property Assessed Clean Energy (“PACE”) financing. This capital will allow Ygrene to continue to grow and brings Ygrene’s combined asset and operating capital raised to over $1 billion.
