Renew Energy Partners Brings In $40 Million

Renew Energy Partners announced it has secured $40 million in financing led by Rollins Capital, with participation from Proficio Capital Partners.

Committed to addressing the challenges of climate change by accelerating the adoption of sustainable-power and energy-efficiency solutions, Renew Energy Partners arranges for the financing and development of improvements to existing commercial and industrial buildings in order to deliver energy savings units or on-site distributed energy to building owners. Renew provides service to building owners under an energy services agreement for efficiency projects or a power purchase agreement for on-site generation.

The new capital pool will help drive Renew’s growing energy-efficiency-as-a-service business, which provides building owners and businesses with a single, turnkey solution for the design, construction, financing, and oversight of cost-saving, energy-efficiency retrofits.