PosiGen secures USD-250m financing commitment from Brookfield

May 16, 2023 02:12 PM ET
  • US property solar as well as energy efficiency remedies carrier PosiGen LLC stated on Monday it has actually gotten a USD-250-million (EUR 230m) financing commitment from Brookfield Asset Management to back its future asset development.

The Louisiana-based business, which serves reduced- and also moderate-income family members, unveiled a new back-leverage financial debt facility structured by a direct financing framework fund managed by Brookfield. It said that this considerable boost in capital should help it broaden into extra markets around the country to support communities prioritised under the Inflation Reduction Act (IRA).

At the same time, PosiGen's veteran monetary advocate, Connecticut Green Bank, is restoring its commitment to the firm through this new facility, a press statement checks out.

"This new collaboration with Brookfield will allow PosiGen to aid much more underserved communities by making solar as well as energy efficiency offered to homes traditionally incapable to gain access to these benefits," commented Thomas Neyhart, Chief Executive Officer of PosiGen.

The business states that more than 25,000 property customers have benefited from its offerings to date.

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