Connecticut agency closes on $30 million ‘green’ project deal

May 23rd, 2014 | By | Category: Business

The state agency charged with financing renewable energy projects has closed on a $30 million deal to sell a portfolio of Commercial Property Assessed Clean Energy (PACE) transactions to a California-based specialty financing firm.

The deal with Clean Fund will sell off the Connecticut Energy Finance and Investment Authority’s PACE portfolio in three separate groupings. Clean Fund will purchase an $8 million package of 11 completed PACE projects from CEFIA now, followed by two additional acquisitions of the remaining $22 million projects over the balance of this year, said David Goldberg, a spokesman for the state agency.

For more on this story, visit: Connecticut agency closes on $30 million ‘green’ project deal.

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