Press Release

PosiGen procures $250 million debt facility to fund energy communities projects

Posigen solar

May 15, 2023 – PosiGen, a residential solar installer for low- and moderate-income families, has lined up a $250 million funding commitment from the direct lending infrastructure fund of Brookfield Asset Management.

The new funding commitment will provide expansion into additional markets nationwide for PosiGen, with a direct focus on serving households with high energy burdens who stand to benefit the most from transitioning to clean energy. PosiGen said the funding will be put to use in new states and communities prioritized by the Inflation Reduction Act (IRA), with an emphasis on Energy Communities and Low-Income Communities.

Click to read the full release here.