Pathward and BridgePeak Energy Capital Partner for Renewable Energy Loan Growth
Key Ideas
- Pathward and BridgePeak Energy Capital collaborate to accelerate growth in renewable energy loans through a partner-driven model.
- The partnership aims to provide efficient and scalable solutions for solar, storage, biogas, hydrogen fuel cells, and electric vehicle charging infrastructure projects.
- BridgePeak Energy Capital's expertise in renewable energy lending and Pathward's financial empowerment mission align to support the U.S. renewable energy sector.
- The collaboration sets a new standard for middle market renewable energy lending with comprehensive loan products and efficient timelines.
Pathward, a U.S.-based financial empowerment company, has expanded its strategic partnership with BridgePeak Energy Capital to enhance its renewable energy initiative. The collaboration focuses on implementing a digital-first renewables loan platform to support clean energy and rural economic development. By leveraging BridgePeak's industry knowledge, Pathward aims to provide comprehensive solutions for solar, storage, biogas, hydrogen fuel cells, and electric vehicle charging infrastructure projects. BridgePeak, known for its expertise in renewable energy lending, offers flexible capital solutions up to $150 million to middle market renewable projects. The partnership between Pathward and BridgePeak has successfully closed over 1.39 GW of projects totaling more than $2 billion. Both companies are committed to supporting the U.S. renewable energy sector by providing efficient and knowledgeable capital solutions. Pathward's Divisional President expressed excitement about the partnership, emphasizing the importance of efficient financing for renewable energy developers. BridgePeak's CEO highlighted the partnership's focus on setting a new standard in renewable energy lending by offering credit products with proper risk-adjusted pricing and efficient timelines. Overall, the collaboration between Pathward and BridgePeak Energy Capital aims to drive innovation and growth in the renewable energy sector, establishing a new benchmark for financing sustainability projects.
Topics
Fuel Cells
Renewable Energy
Clean Energy
Sustainability
Finance
Economic Development
Partnership
Financial Services
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