Renewable energy developer and financier Empower Energies will be teaming with Hannon Armstrong, an investor in climate change solutions, to jointly invest in renewable energy projects in the commercial & industrial (C&I) and municipal, university, school and hospital (MUSH) markets across the United States.
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The collaboration unites Hannon Armstrong’s extensive experience in providing long term financing with Empower Energies’ existing platform for the development and acquisition of C&I-scale solar rooftop, ground-mount solar and canopy projects, as well as energy storage and related distributed generation technologies.
Empower has been gaining a lot of notable, Fortune 1000 clients these days, including one of the largest banks in the world, which recently awarded Empower Energies a three-year contract to manage its corporate renewable development and project construction program of up to 100 MW of renewable projects across more than 30 sites in the United States.
“We have seen our business expand significantly, particularly with the growing demand for on-site and off-site renewable projects by corporations and institutions committed to achieving 100% renewable energy targets, like the RE100,” said John Clapp, CEO of Empower Energies. “Hannon Armstrong provides us with a world-class financing partner with a long-term commitment to investing on the right side of the climate change line.