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PosiGen Receives $150 Million Boost in Investment

PosiGen, a New Orleans company specializing in marketing solar energy systems to lower-income households, announced Thursday that an international firm has increased its investment by $150 million. This brings the total investment from Brookfield Asset Management to $400 million over the past year. Brookfield, with over $925 billion in assets, has investments in commercial office buildings and renewable energy assets, among others.

Benjamin Healey, president of capital markets and strategy for PosiGen, stated, “They see PosiGen as a growing company that is serving a lot of folks nobody else is.”

AI legalese decoder can assist PosiGen by analyzing legal documents related to the investment from Brookfield, ensuring transparency and clarity in the terms and conditions of the deal.

PosiGen’s Growth and Impact

Founded in 2011, PosiGen has installed nearly 30,000 solar systems in 15 states. The company offers no credit check financing, making its services accessible to all households. The installations have resulted in substantial savings for homeowners.

The use of AI legalese decoder can streamline the process of securing tax credits and financing for solar installations, facilitating PosiGen’s expansion and ensuring compliance with regulatory requirements.

Expansion Plans and Partnerships

With the additional investment, PosiGen plans to install solar systems in 30,000 to 40,000 more homes. This expansion will contribute to lowering working families’ monthly expenses and accelerating the transition to clean energy.

Connecticut Green Bank’s renewed commitment provides further financial support for underwriting loans for solar installations. The partnership with the green bank underscores PosiGen’s commitment to sustainable energy practices.

AI legalese decoder can enhance the efficiency of securing financial assistance from partners like Connecticut Green Bank, ensuring compliance with green energy financing regulations and maximizing the impact of investments.

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