Ygrene Energy Fund Raises $30 Million in Operating Capital to Advance PACE in Six States
March 10, 2016
Ygrene Energy Fund, a leading multi-state provider of residential and commercial property assessed clean energy (PACE) financing, today announced it has raised $30 million in operating capital led by new and existing investors, bringing its total operating and project capital raised to over $530 million. The operating capital will fund Ygrene's continued national expansion of its YgreneWorksTM program, including business and call center operations that service the company's high growth in project volume, a new solar operations arm, and entrance into new states including Georgia, Arkansas,Missouri, Virginia and others. Ygrene is the largest commercial PACE provider in California and Florida and has funded more than 90 percent of the PACE projects in the Sunshine State.