Ygrene was selected by Riverside city officials to provide greater choice in PACE financing options as drought continues to challenge the city's water supply.
Ygrene Energy Fund is planning a securitisation before year-end that will offer a unique pool of PACE assets. At the same time, the company has begun building out a team of new recruits to facilitate its long-term securitisation plans.
A 25-year veteran of financial, accounting and capital markets, Chan leads Ygrene Energy Fund's financial team in raising and securitizing capital, and plays a central role in the company's relationships with banks, investors, and rating agencies
"Over the last 24 months we've seen increasing demand from investors and agencies who see the exceptional credit quality of PACE and are eager to forge partnerships that can help them tap into these new market opportunities,"
On August 16, the Ygrene Energy Fund announced that Moreno Valley has approved the YgreneWork PACE program. Per Ygrene, that makes Moreno Valley the 284th city or county in California and Florida to adopt this program.
Today Ygrene Energy Fund announced Fresno County has selected the award-winning Ygrene PACE (property assessed clean energy) program to help home and business owners finance a broad range of energy efficiency, renewables and water conservation upgrades.
