Petros PACE Finance announces acquisition of Demeter Power Group Inc
Petros PACE Finance, LLC has announced the acquisition of Demeter Power Group Inc., including Demeter's software and proprietary financing structure.
Founded in 2012, Demeter Power Group, Inc.'s goal was bringing scalable financing of solar and distributed energy projects to the commercial & industrial sector. In 2015, Demeter funded its first project with the Tiburcio Vasquez Health Center in San Leandro, CA, a 200 kw solar project that offset ninety percent of the non-profit health center's energy load.
Demeter's solar PACE financing structure uses commercial property-assessed clean energy or 'C-PACE' programs to tie long-term payments for energy efficiency projects to a property via a non-ad valorem property tax assessment. C-PACE lowers the cost of capital to projects further by efficiently using favorable tax attributes, including the renewable energy investment tax credit (ITC) under Section 48 of the Internal Revenue Code.
Country updates
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February 22, 2019
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Glow Energy Public Company Limited, through its wholly-owned subsidiary Glow Company Limited, has entered into a Share Sale and Purchase Agreement with B. Grimm Power Service Limited for the sale of a...
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October 15, 2018
Thailand's Energy Regulatory Commission blocks acquisition of Glow Energy stake
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July 05, 2018
CPF, the food conglomerate has signed a memorandum of cooperation with local clean energy firm, Gunkul Engineering to fully finance the project and also design and build the solar systems
CPF, the food conglomerate has signed a memorandum of cooperation with local clean energy firm, Gunkul Engineering to fully finance the project and also design and build the solar systems. Maintenance of the facilities for 15 years is also part of the contract
