Our core competency lies in working with commercial-scale project developers to provide the capital required to facilitate continued growth in an exceedingly fruitful sector of the U.S. solar market
Sonoma, CA (PRWEB) November 02, 2011
Adam Capital Clean Energy Asset Finance LLC, a private investment fund dedicated to supporting the clean energy industry, today announced it has closed a project financing transaction with Tioga Energy, a leading provider of renewable energy services to commercial, government and non-profit institutions. This marks the first arrangement between the two parties.
The funds provided by Adam Capital will support construction in 2011 and 2012 for approximately 30 of Tioga Energy’s municipal solar projects being financed through its SurePath™ Solar power purchase agreements (PPAs), enabling Tioga to continue its rapid pace of developing distributed-generation solar systems across the United States. The project sites include schools, libraries and other government-owned buildings in the northeast.
“Our core competency lies in working with commercial-scale project developers to provide the capital required to facilitate continued growth in an exceedingly fruitful sector of the U.S. solar market,” said Adam Boucher, CEO of Adam Capital Inc. “Tioga Energy’s years of expertise in this arena make the company a valued addition to our growing roster.”
“Tioga tapped into Adam Capital’s solar financing expertise to further broaden our base of resources and to provide the competitive, flexible financing that sets Tioga Energy apart from the pack, especially in today’s economic environment,” said Paul Detering, CEO of Tioga Energy. “Working with Adam Capital strengthens our ability to ensure seamless transactions for our customers across the country.”
About Adam Capital Clean Energy Asset Finance LLC:
Adam Capital Clean Energy Asset Finance LLC is a private investment fund operating solely within the clean energy sector. We extend collateralized loans under $10 million, an important niche within the clean energy finance spectrum that is largely overlooked by banks, bond markets or venture capitalists. By leveraging ITC grant cash payments and other local incentive rebates as collateral, we enable our borrowers to install much needed clean energy projects. We have funded over 300 projects in multiple states and utility districts, serving the needs of individuals, government agencies, schools, non-profits, and businesses.
About Tioga Energy:
Tioga Energy enables commercial, government and non-profit organizations to reduce energy costs while lowering carbon emissions. Through the SurePath™ Solar power purchase agreement (PPA), Tioga Energy owns and operates renewable energy systems that provide organizations a hedge against energy price volatility and accelerate their access to clean energy without any capital outlay. For more information, call 877-333-9787 or visit http://www.tiogaenergy.com. To access and download Tioga Energy’s SurePath™ Solar PPA, please visit: http://www.tiogaenergy.com/annotated-ppa-index.php.
Communications Director, Adam Capital
Antenna Group for Tioga Energy