California agency Coast Vitality luggage funds to spice up C&I photo voltaic PPA platform

April 29 (Renewables Now) – US photo voltaic vitality specialist Coast Vitality Holdings LLC mentioned on Thursday that it has acquired “a considerable development funding” from Houston, Texas-based funding agency Crosstimbers Capital Group to increase its providing.

California-based Coast Vitality focuses on the business and industrial (C&I) sector as a supplier of solar energy buy agreements (PPAs). It mentioned that it will use Crosstimbers’ funding to speed up its business photo voltaic growth and PPA financing platform.

The monetary injection allows Coast Vitality to spice up its plans to develop, personal and function over USD 400 million (EUR 379.8m) price of photo voltaic, vitality storage and associated vitality tasks throughout the US. The photo voltaic outfit mentioned that it’s presently securing tasks in California, Hawaii and New York, and constructing a pipeline of tasks in a number of states throughout the Northeast, Midwest and West Coast.

“Crosstimbers is happy to assist Coast Vitality as they advance the event of photo voltaic and vitality storage tasks throughout the business actual property market,” commented Ian Kocher, a member of the Crosstimbers group. “Coast Vitality is led by a seasoned group that has an amazing monitor document within the business, and they’re constructing a best-in-class providing that may present important worth to business actual property homeowners”.

(USD 1.0 = EUR 0.949)

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