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$50 Million Solar Project Facility Triggers Further Expansion for Equal Earth
San Diego, CA (PRWEB) July 16, 2014
Equal Earth, Inc. a San Diego based diversified renewable energy company today announced that it has partnered with Greenbacker Renewable Energy Company to provide up to $50 million to finance solar projects. Equal Earth will use the capital to fund solar power purchase agreements for businesses, utilities and non-profit organizations.
Greenbacker Renewable Energy Company, a New York based, externally managed energy company focused on the renewable energy sector, funds a wide variety of renewable energy assets. Equal Earth is an ideal partner for us. They combine deep industry experience with a scalable business model and we expect to rapidly deploy this capital with them, added Charles Wheeler, CEO of Greenbacker Renewable Energy Company.
Equal Earth has a very aggressive growth plan and this $50 million is the catalyst for further expansion, stated Equal Earth Chairman, President and CEO Andrew Duggan. We are happy to team up with Greenbacker to create more opportunities for the public to access affordable, clean power, added Duggan.
Equal Earth provides businesses and residences with easier and more cost effective energy solutions. Customers are able to have a clean energy system installed with no out-of-pocket costs to them. Instead of purchasing the system upfront, customers simply make monthly payments that are significantly less than what they are paying right now for energy.
About Equal Earth
Equal Earth is the premier clean energy solutions provider servicing commercial and residential customers in the US and the Pacific Rim. Our mission is to provide homeowners and business owners with an easy, straightforward alternative to the expensive utility rates they currently pay. Our customers enjoy a fast, simple and streamlined approach to both grid-tied and off-grid solar systems and saving money without the burden of any upfront costs. Equal Earth capitalizes on target opportunities in under-served energy markets, efficiently delivering clean energy solutions with a focus on customer satisfaction. For more information, visit http://www.EqualEarthCorp.com.
About Greenbacker Renewable Energy Company LLC
Greenbacker Renewable Energy Company is an externally managed energy company that intends to acquire income-generating renewable energy and energy efficiency and sustainable development projects and other energy-related businesses as well as finance the construction and/or operation of these projects and businesses.
Greenbacker seeks to provide developers, corporations, government agencies and others with the resources to build projects that will save money, create jobs and limit greenhouse gases, and to make investments that generate significant and dependable cash flows and deliver attractive risk-adjusted returns over time to investors.
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