Renewable energy in the United States

Home Run Financing (Previously PACE Funding Group) Launches New State-Of-The-Art Contractor Portal

Retrieved on: 
Tuesday, August 3, 2021

LOS GATOS, Calif., Aug. 3, 2021 /PRNewswire/ --Home Run Financing (previously PACE Funding Group, LLC) announced today that it has launched its new state-of-the-art contractor portal, enabling more contractors to provide in-home, one-stop home-improvement financing for their customers.

Key Points: 
  • LOS GATOS, Calif., Aug. 3, 2021 /PRNewswire/ --Home Run Financing (previously PACE Funding Group, LLC) announced today that it has launched its new state-of-the-art contractor portal, enabling more contractors to provide in-home, one-stop home-improvement financing for their customers.
  • Contractors can now offer Property Assessed Clean Energy (PACE) funding and an unsecured personal loan product, Home Run Loans, on one integrated technology platform.
  • "Home Run Financing is the only financing provider in the residential sector offering both PACE and unsecured loans to homeowners," saidRobert Giles, CEO of Home Run Financing, adding "our financing options combined with the new advanced contractor portal make us a one-stop financing shop for contractors and homeowners."
  • In-home sales reps can now run project estimation calculations for both PACE Funding and Home Run Loans funding options side by side, allowing the homeowner to compare.

Stonehill on Track to Deploy $1.25 Billion in 2021

Retrieved on: 
Monday, August 2, 2021

The company expects to deploy approximately $1.25 billion during 2021, increasing 74% from 2020.

Key Points: 
  • The company expects to deploy approximately $1.25 billion during 2021, increasing 74% from 2020.
  • The company also has an affiliate, Stonehill PACE, that offers commercial property assessed clean energy (CPACE) financing.
  • Since its founding in 2013, Stonehill originated more than $3.5 billion in loans for hospitality projects seeking capital to complete acquisitions, recapitalizations, refinancing and renovations.
  • Stonehill PACE, a division of Stonehill, is a direct lender for Property Assessed Clean Energy (PACE) financing.

Greenworks Lending from Nuveen Appoints Kate Cusack as Vice President of Originations

Retrieved on: 
Tuesday, July 27, 2021

DARIEN, Conn., July 27, 2021 /PRNewswire/ -- Greenworks Lending, the nation's leading C-PACE capital provider dedicated to funding energy performance-enhancing commercial, multi-family and non-profit real estate projects, announced today that it has appointed Kate Cusack as Vice President of Originations.

Key Points: 
  • DARIEN, Conn., July 27, 2021 /PRNewswire/ -- Greenworks Lending, the nation's leading C-PACE capital provider dedicated to funding energy performance-enhancing commercial, multi-family and non-profit real estate projects, announced today that it has appointed Kate Cusack as Vice President of Originations.
  • In her new role as Vice President of Originations, Cusack will be helping deal teams sustain and improve originations process efficiency and scale originations efforts to support the company's massive expansion.
  • "Kate is an adept deal navigator with deep expertise in structured commercial real estate financing transactions," said Andrew Zech, Head of C-PACE Originations at Greenworks Lending from Nuveen.
  • Greenworks Lending, a Nuveen affiliate, is the largest provider of Commercial Property Assessed Clean Energy (C-PACE) financing in the country.

SunShare Invests $100,000 in Local Colorado Businesses & Charitable Organizations

Retrieved on: 
Wednesday, July 21, 2021

DENVER, July 21, 2021 /PRNewswire/ -- Today SunShare, the nation's oldest and largest residential community solar provider, announced that it purchased more than $100,000 in gift cards to local Colorado retailers as part of a subscriber promotion that offers participants gift cards to local businesses or charitable organizations.

Key Points: 
  • DENVER, July 21, 2021 /PRNewswire/ -- Today SunShare, the nation's oldest and largest residential community solar provider, announced that it purchased more than $100,000 in gift cards to local Colorado retailers as part of a subscriber promotion that offers participants gift cards to local businesses or charitable organizations.
  • The program began as an effort to support other local Colorado small businesses during the pandemic and reward new subscribers with further incentives to choose solar energy from the state's community solar gardens.
  • SunShare celebrated its 10th anniversary earlier this year, on the heels of Colorado celebrating the 10-year anniversary of the nation's first community solar legislation.
  • SunShare is offering gift cards to local businesses for subscribers who enroll by September 15 ahead of finishing construction on their next 5MW community solar garden.

PACE Loan Group Hires Kris Jones as Vice President, Originations to Continue Expansion

Retrieved on: 
Monday, July 19, 2021

MINNEAPOLIS, July 19, 2021 /PRNewswire/ --PACE Loan Group ("PLG") ( www.paceloangroup.com ), a leading provider of Commercial Property Assessed Clean Energy (C-PACE) financing, announced today the hiring of Kris Jones as a Vice President, Originations, effective July 19, 2021.

Key Points: 
  • MINNEAPOLIS, July 19, 2021 /PRNewswire/ --PACE Loan Group ("PLG") ( www.paceloangroup.com ), a leading provider of Commercial Property Assessed Clean Energy (C-PACE) financing, announced today the hiring of Kris Jones as a Vice President, Originations, effective July 19, 2021.
  • PACE Loan Group hires 18-year CRE veteran Kris Jones as part of strategic nationwide C-PACE staff rollout.
  • Jones has over 18 years of commercial and multifamily real estate experience.Prior to joining PLG, Jones was a Senior Director at Ten-X, and a Vice President of Real Estate at RealCrowd.
  • "I am excited to be joining PACE Loan Group to help them expand their C-PACE loan portfolio throughout the Western U.S.

PACE Loan Group Hires C-PACE Expert Michael Jarmolowich as Managing Director to Continue Expansion

Retrieved on: 
Monday, July 12, 2021

MINNEAPOLIS, July 12, 2021 /PRNewswire/ --PACE Loan Group ("PLG") ( www.paceloangroup.com ), a leading provider of Commercial Property Assessed Clean Energy (C-PACE) financing, announced today the hiring of Michael Jarmolowich ("Jarmo") as a Managing Director, effective July 12, 2021.

Key Points: 
  • MINNEAPOLIS, July 12, 2021 /PRNewswire/ --PACE Loan Group ("PLG") ( www.paceloangroup.com ), a leading provider of Commercial Property Assessed Clean Energy (C-PACE) financing, announced today the hiring of Michael Jarmolowich ("Jarmo") as a Managing Director, effective July 12, 2021.
  • Prior to joining PLG, Jarmo was a Managing Director at Stifel Financial Corp., where he focused on the C-PACE market and other areas of sustainable real estate finance.
  • "I look forward to being part of the PACE Loan Group," said Jarmo.
  • PACE Loan Group (PLG) is a national leader in the C-PACE marketplace, providing direct C-PACE financing to commercial property owners for energy-efficiency, renewable energy, water conservation, and seismic projects.

PACE Funding Group Changes Name to Home Run Financing, Adds Unsecured Loan Product to Property Assessed Clean Energy Financing Option

Retrieved on: 
Tuesday, July 6, 2021

LOS GATOS, Calif., July 6, 2021 /PRNewswire/ --PACE Funding Group, LLC announced today that it has changed its name to Home Run Financing and has added a new, unsecured loan product called Home Run Loans.

Key Points: 
  • LOS GATOS, Calif., July 6, 2021 /PRNewswire/ --PACE Funding Group, LLC announced today that it has changed its name to Home Run Financing and has added a new, unsecured loan product called Home Run Loans.
  • The company started in California in 2014 as a single product company: Property Assessed Clean Energy (PACE) financing for renewable energy, energy- and water-efficiency projects, and later, for storm-hardening and other public benefit home improvements.
  • "Home Run Financing is the only financing provider in the residential sector offering both PACE and unsecured loans to homeowners," said Robert Giles, CEO of Home Run Financing.
  • Contractors can register via the program's website to provide Home Run Loans and/or PACE financing.

American Council on Renewable Energy Welcomes New Members to Its Board of Directors

Retrieved on: 
Tuesday, July 6, 2021

WASHINGTON, July 6, 2021 /PRNewswire-PRWeb/ --The American Council on Renewable Energy (ACORE) today announced the appointment of two new members to its Board of Directors: Urvi Parekh, Head of Renewable Energy at Facebook, and Martin Torres, Managing Director and Head of the Americas for the Renewable Power Group at BlackRock.

Key Points: 
  • WASHINGTON, July 6, 2021 /PRNewswire-PRWeb/ --The American Council on Renewable Energy (ACORE) today announced the appointment of two new members to its Board of Directors: Urvi Parekh, Head of Renewable Energy at Facebook, and Martin Torres, Managing Director and Head of the Americas for the Renewable Power Group at BlackRock.
  • "We are thrilled to add these two accomplished renewable energy heavy hitters to the ACORE Board," said ACORE President and CEO Gregory Wetstone.
  • More background on the newly elected ACORE Board members, who are replacing the outgoing Directors at their respective companies, is available below:
    Urvi Parekh leads Facebook's renewable energy team, which is responsible for selection, negotiation and management of renewable energy projects to meet the company's 100% renewable energy goal.
  • For more than 20 years, the American Council on Renewable Energy (ACORE) has been the nation's premier pan-renewable nonprofit organization.

LevelTen Energy and RIC Energy Form Partnership to Speed up Adoption of Renewable Energy in Europe and North America

Retrieved on: 
Tuesday, July 6, 2021

Through this partnership, RIC Energy's team of energy consultants will receive access to the LevelTen Energy Marketplace, the world's largest PPA marketplace, with more than 1,300 projects located in 21 countries in North America and Europe.

Key Points: 
  • Through this partnership, RIC Energy's team of energy consultants will receive access to the LevelTen Energy Marketplace, the world's largest PPA marketplace, with more than 1,300 projects located in 21 countries in North America and Europe.
  • "Through our partnership with LevelTen Energy, we can help our clients enter into power purchase agreements with utility-scale renewable energy projects that will achieve both of those goals."
  • "RIC Energy is a pioneer in the Spanish market, and has a strong presence throughout Europe and North America.
  • Furthermore, RIC energy provides energy consultancy services in order to offer its broad experience in renewable energy to companies interested in reducing their energy costs while becoming more environmentally friendly.

CastleGreen Finance Closes the Largest C-PACE Project in Connecticut

Retrieved on: 
Thursday, June 24, 2021

In partnership with Lexington Partners LLC, the property developer, and the Connecticut Green Bank, the program administrator for the state of Connecticut C-PACE program, CastleGreen Finance is delighted to be part of the largest C-PACE transaction to date in Connecticut.

Key Points: 
  • In partnership with Lexington Partners LLC, the property developer, and the Connecticut Green Bank, the program administrator for the state of Connecticut C-PACE program, CastleGreen Finance is delighted to be part of the largest C-PACE transaction to date in Connecticut.
  • CastleGreen Finance has facilitated approval of the $13.7 million C-PACE project through the Connecticut Green Banks C-PACE program.
  • We are excited to see CastleGreen Finance closing their first project in Connecticut; the largest C-PACE project to date, in the state.
  • CastleGreen Finance, in partnership with X-Caliber Capital, is a private capital source focused on Commercial PACE (Property Assessed Clean Energy) financing.