Renewable Funding, an Oakland, CA-based clean energy finance firm, closed a $20m funding.
The company intends to use the funds to accelerate expansion of clean energy financing programs throughout the United States.
Led by Cisco DeVries, co-founder and CEO, Renewable Funding specializes in delivering large scale, low-cost capital for energy efficiency and renewable energy products serving homes and businesses. It has provided programs and financing in more than a dozen states and is currently expanding.
In April, the company announced the launch of the Warehouse for Energy Efficiency Loans (WHEEL), a national financing platform that will bring low-cost, large-scale capital to government and utility-sponsored residential energy efficiency loan programs.
WHEEL is a collaboration between Citi, the Pennsylvania Treasury, Renewable Funding, and others.