Thursday, February 11, 2016

Renew Financial Raises $70M For Clean Energy Financing Programs

Oakland-based Renew Financial, which provides financing for residential, clean energy and energy efficiency projects, said today that it has raised $70M in a growth capital funding. The funding came from Angeleno Group, Apollo Capital Management, Claremont Creek Ventures, LL Funds, Inc., NGEN Partners, and Prelude Ventures. The company, led by Cisco DeVries, provides PACE (Property Assessed Clean Energy) loans, to help homeowners finance a wide range of energy efficiency improvements to their home, secured by their home equity. The company said the funds go towards nationwide rollout of its programs and loans. More information »