Posigen Nabs Second Funding Commitment from Brookfield Asset Management
PosiGen has received a $150 million expanded commitment through a direct lending infrastructure fund managed by
Solar Industry 3:16 pm on May 16, 2024
PosiGen secures $150M funding from Brookfield Asset Management, bolstering its community solar initiatives and financial growth. This partnership enhances PosiGen's capability to deliver on-demand energy solutions without FICO or income restrictions. The investment also reaffirms the Connecticut Green Bank's commitment.
- Funding Commitment: $150 million from Brookfield Asset Management.
- Partnership Expansion: PosiGen and Brookfield now have a total fund of $400 million in partnership, showing confidence in PosiGen's business model.
- Community Focus: The investment enables PosiGen to expand its community solar program without financial barriers for customers.
- Business Scale: This financing is crucial for growing and scaling the company's operations effectively.
- Green Bank Support: Connecticut Green Bank renews its commitment, reinforcing PosiGen's impact on sustainable energy solutions.
https://solarindustrymag.com/posigen-nabs-second-funding-commitment-from-brookfield-asset-management