Renewable Developer Taps Green Bridge Energy and Energy Toolbase for Solar PPA Financing at Non-Profit, Private College
Energy Toolbase and Green Bridge Energy have partnered to provide Northeast-based commercial solar developer RISE with financing for a solar system to power a non-profit, private college. The developer tapped Green Bridge Energy's financing solution within the ETB Developer platform to provide an indicative Power Purchase Agreement (PPA) quote for the system that will finance its entirety.
The 257kW/319kWh solar system will be constructed on a non-profit, co-ed private college in Falmouth, Massachusetts, to support the facility in stabilizing electricity expenses and achieving environmental, social, and governance (ESG) goals. RISE utilized the direct financing integration within the platform to access Green Bridge Energy's PPA quoting and was selected as part of a competitive bid process for turnkey solar funded by a PPA.
The Green Bridge Energy financing integration is available to all ETB Developer platform users, allowing developers access to instantly generate PPA quotes for C&I and non-profit solar + storage projects without leaving the platform. This solution eliminates the need to go between multiple applications and speeds up modeling, optimizing a financing solution, and deploying projects. With over 35 years of combined experience in solar development, structured finance, and investment, Green Bridge is a top financier of C&I projects through PPAs and operating lease structures, focused on driving capital efficiency and scale to mid-market clean energy project financing.
With marketing-leading financing solutions, including PPAs and operating leases, Green Bridge assists commercial real estate owners in deploying clean energy and EV charging infrastructure to create new revenue streams, greener sites, and energy cost savings at $0 upfront cost. Green Bridge has expanded access to resilient clean energy and high availability of EV charging to reduce global carbon emissions while delivering access to tax benefits and creating attractive economic returns for project investors.
"Working with Green Bridge to provide financing quotes within ETB Developer has been a game-changer for our users getting projects sold faster," said Matt Cimo, Manager of the Developer Channel at Energy Toolbase. "With access to financing quotes for solar projects with just a few clicks and never having to leave the platform, it has empowered our users, like RISE Engineering, to secure the funding needed for projects."
"The Green Bridge financing partnership with ETB is equipping developers with the certainty of execution, greater operational efficiency, and more attractive financing to win more business in the market," said Byrne Huddleston, CEO of Green Bridge. "We are excited to continue expanding the available financing products available through the ETB platform in 2023 to include EV charging financing into PPA and Lease structures."
Energy Toolbase | https://www.energytoolbase.com
Green Bridge | https://www.greenbridge.energy/
