Ygrene Energy Fund Completes $145 Million Securitization of PACE Bonds with Strategic Insurer, Global Atlantic Financial Group
Authorized by local municipalities, Ygrene provides 100% financing for property owners to deploy energy efficiency, renewable energy, water conservation and climate resiliency upgrades to their buildings through their award winning YgreneWorksTM
This securitization funds approximately 6,041 energy and water conservation projects, providing home and business owners with over $290 million in estimated savings on energy and water bills, and eliminating over 174,000 metric tons of CO2 from the atmosphere.
"We are excited to complete our second private
Since Ygrene's inception in 2010, thousands of home and business owners have utilized this simple and affordable
"The successful closing of this securitization, along with the high rating and advance rate, reinforces the growing understanding by ratings agencies and investors of the strength and security of the
Ygrene's
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