Adam Capital Finances Solar Panels for Affordable Housing in New Orleans
25 Oct 2011
Adam Capital Clean Energy Asset Finance LLC, a leader in the clean energy lending space, has agreed to extend $1 million to Sustainable Environmental Enterprises (SEE) of Louisiana, a community-development organization that is financing solar for disadvantaged communities in New Orleans. The loan will finance rooftop solar panels for over 85 low-income homes, and help SEE become one of Louisiana’s leading solar providers to low-income communities.
Adam Capital, a leading private investment fund in the renewable energy sector, provides much-needed investment capital for clean energy projects, thereby solving a critical funding gap in the market. The company recognizes that solar financing is especially significant for low and moderate income households, who spend a higher percentage of their income on energy but cannot afford to own solar.
“With this program we’re taking what was considered a luxury good – solar power – and bringing it to the people who need it most,” says Adam Boucher, CEO of Adam Capital. “We’ve financed solar for schools, churches, and businesses, but we’re especially thrilled to be part of rebuilding New Orleans as a safer, more sustainable city.”
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/10/25/prweb8906539.DTL#ixzz1bosxY28F
