A California-based expertise group has joined a worldwide impartial funding agency in an fairness partnership that helps lease and energy buy agreements within the residential renewable vitality sector.
GoodLeap, headquartered in Roseville, California, and New York-based Tactical Infrastructure Companions (TIP) on Oct. 24 mentioned they’re buying greater than $1.5 billion of residential photo voltaic and storage merchandise. The transaction is supported by debt financing from ATLAS SP Companions, one other international funding agency based mostly in New York. The businesses on Thursday mentioned the deal “helps additional bolster the launch of GoodLeap’s residential photo voltaic and storage lease and energy buy program.”
Officers mentioned the transaction “permits GoodLeap to supply a complete suite of residential merchandise and financing choices for U.S. owners, advancing its mission to attach a world wherein everybody can dwell sustainably.”
“Because the firm began, GoodLeap has at all times centered on assembly the house owner the place they’re of their sustainability journey,” mentioned Matt Dawson, GoodLeap’s chief income officer. “With this extra funding partnership, we’ll proceed to ship on that promise by giving owners the financing instruments they should undertake photo voltaic, storage, and dozens of different residence effectivity merchandise. We’re thrilled to companion with TIP and ATLAS in that journey.”
Third-Celebration Owned Merchandise
GoodLeap launched its lease and energy buy settlement (PPA) merchandise, generally generally known as third-party owned (TPO) merchandise, in June of this yr. The group thus far affords the merchandise in 12 states with one other 13 states within the pipeline. The corporate mentioned its suite of financing choices, together with loans, leases, and PPAs, are serving to residential prospects enter the photo voltaic and storage market.
“We’re happy to convey our crew’s deep expertise in infrastructure investing to this partnership with the premier firm on this house,” mentioned Michael Feldman, founder and managing companion at TIP. “GoodLeap is well-positioned for continued success as a pacesetter in residential photo voltaic and storage, and we’re excited to be part of GoodLeap’s entry into the rising lease and PPA sector of the market.”
“We’re thrilled to work with TIP to ship a novel financing answer throughout the capital construction at scale for GoodLeap’s entry into the lease and PPA house. This can ship clear vitality options to owners throughout the nation,” mentioned Can Baysan, director at ATLAS SP.
GoodLeap is a expertise firm that delivers financing and software program merchandise that assist a variety of renewable vitality and vitality effectivity tools, together with photo voltaic panels and batteries together with heating, air flow, and air con, together with warmth pumps. The corporate options proprietary, synthetic intelligence-powered functions and developer instruments to assist buyer communication, together with funds and operations. The corporate mentioned it has financed greater than $27 billion in sustainable options for patrons since 2018.
—Darrell Proctor is a senior editor for POWER (@POWERmagazine).
