End-to-end solar platform operator Palmetto elevates USD 150m from TPG

• Palmetto Solar LLC, the operator of an end-to-end electronic platform for residential solar and also storage space remedies, has raised USD 150 million (EUR 140.7 m) from TPG Rise Climate.

The platform established by Palmetto takes care of everything from sales, to permitting and also style, installment, and system activation for people, local business as well as big corporations. The company is aiming to expand its software application and modern technology as well as claims it is currently well-positioned to capitalise on the chances offered in the clean power economic situation.

"TPG Rise Climate not just has deep experience throughout the clean energy supply chain, but this funding will also assist us leapfrog several of our consumer product where we really feel the market competition isn't offering the customer as ideally as they are entitled to," claimed Chris Kemper, creator as well as chief executive officer at Palmetto.

TPG Rise Climate was launched in 2021 as the devoted climate investing method of TPG's international influence investing platform TPG Rise.