Wednesday, December 21, 2016

Ygrene Raises $95M In Equity For PACE Financing Expansion

Santa Rosa-based Ygrene Energy Fund, which provides Property Assessed Clean Energy (PACE) financing for the residential, multi-family, and commercial property markets, announced this morning that it has raised $95M in an equity investment. The funding came from private equity firm Lightyear Capital. Ygrene said the funding goes towards continued national expansion. Ygrene's CEO and President is Rocco Fabiano. PACE financing is used to fund clean power and energy efficiency projects, paid over time via property tax bills. More information »