Ygrene Energy Fund, a Santa Rosa, CA-based provider of residential and commercial property assessed clean energy (PACE) financing, raised $30m in growth capital from Virgo Investment Group.
The company will use the funds to grow its channel contractor network, further expand its national presence, and accelerate market awareness for PACE financing.
Led by Stacey Lawson, President and CEO, and newly appointed Mike Cary, COO, Ygrene Energy Fund is a developer and administrator of clean energy financing programs throughout the United States. Its Clean Energy Programs provide privately funded and immediately accessible financing for renewable and energy efficiency upgrades to both commercial and residential property owners including cool roofing and insulation, energy efficient windows, high-efficiency heating and cooling systems, solar photo-voltaic and hot water systems, and net-zero landscaping.
The company currently partners with 100+ cities and counties in California and Florida, and has funded tens of millions in residential and commercial property upgrades, including the $3.1M Metro Center renovation in Sacramento CA that was the nation’s largest PACE project at the time.
FinSMEs
14/08/2014