Pathward Announces Strategic Partnership to Support Renewable Energy Loan Growth
Pathward has announced an expanded strategic partnership with BridgePeak Energy Capital to implement a digital-first renewables loan platform. The collaboration aims to facilitate clean energy and rural economic development through comprehensive solutions for solar and storage projects. BridgePeak, the nation's leading renewable energy lender service provider with over $3.5 billion in closed loans, has already assisted Pathward in closing and servicing loans for more than 1.39 GW of projects totaling over $2 billion in fundings. The partnership will support flexible capital solutions up to $150 million for middle market renewable projects.
Pathward ha annunciato un'espansione della partnership strategica con BridgePeak Energy Capital per implementare una piattaforma di prestiti per le energie rinnovabili orientata al digitale. La collaborazione mira a facilitare lo sviluppo dell'energia pulita e delle economie rurali attraverso soluzioni complete per progetti solari e di stoccaggio. BridgePeak, il principale fornitore di servizi per prestiti nel settore delle energie rinnovabili del paese con oltre $3,5 miliardi in prestiti chiusi, ha già assistito Pathward nella chiusura e gestione di prestiti per oltre 1,39 GW di progetti per un totale di oltre $2 miliardi in finanziamenti. La partnership supporterà soluzioni di capitale flessibile fino a $150 milioni per progetti rinnovabili di mercato intermedio.
Pathward ha anunciado una expansión de su asociación estratégica con BridgePeak Energy Capital para implementar una plataforma de préstamos para energías renovables con enfoque digital. La colaboración tiene como objetivo facilitar el desarrollo de energía limpia y el crecimiento económico rural mediante soluciones integrales para proyectos solares y de almacenamiento. BridgePeak, el principal proveedor de servicios de préstamos para energías renovables en el país con más de $3.5 mil millones en préstamos cerrados, ya ha ayudado a Pathward a cerrar y administrar préstamos para más de 1.39 GW de proyectos que totalizan más de $2 mil millones en financiamiento. La asociación apoyará soluciones de capital flexible de hasta $150 millones para proyectos renovables del mercado medio.
Pathward는 디지털 우선의 재생 가능 에너지 대출 플랫폼을 구현하기 위해 BridgePeak Energy Capital과의 전략적 파트너십을 확장했다고 발표했습니다. 이 협력은 태양열 및 저장 프로젝트를 위한 종합 솔루션을 통해 청정 에너지 및 농촌 경제 발전을 촉진하는 것을 목표로 합니다. BridgePeak은 국가에서 가장 큰 재생 가능 에너지 대출 서비스 제공업체이며, $35억 이상의 대출을 완료했습니다. 이미 Pathward가 1.39 GW 이상의 프로젝트를 위한 대출을 마감하고 관리하는 데 도움을 주었습니다. 이번 파트너십은 중간 시장 재생 가능 프로젝트를 위한 최대 $1억5천만 달러의 유연한 자본 솔루션을 지원할 것입니다.
Pathward a annoncé une extension de son partenariat stratégique avec BridgePeak Energy Capital pour mettre en œuvre une plateforme de prêts axée sur le numérique pour les énergies renouvelables. Cette collaboration vise à faciliter l'énergie propre et le développement économique rural grâce à des solutions complètes pour des projets solaires et de stockage. BridgePeak, le principal fournisseur de services de prêt en énergie renouvelable du pays avec plus de 3,5 milliards de dollars de prêts clôturés, a déjà aidé Pathward à clôturer et à gérer des prêts pour plus de 1,39 GW de projets totalisant plus de 2 milliards de dollars de financements. Le partenariat soutiendra des solutions de capital flexible jusqu'à 150 millions de dollars pour des projets d'énergie renouvelable de marché intermédiaire.
Pathward hat eine erweiterte strategische Partnerschaft mit BridgePeak Energy Capital bekannt gegeben, um eine digitale Plattform für Kredite im Bereich erneuerbare Energien zu implementieren. Die Zusammenarbeit zielt darauf ab, saubere Energie und die wirtschaftliche Entwicklung ländlicher Gebiete durch umfassende Lösungen für Solar- und Speichervorhaben zu fördern. BridgePeak, der führende Anbieter von Dienstleistungen für erneuerbare Energiekredite im Land mit über 3,5 Milliarden Dollar an abgeschlossenen Krediten, hat Pathward bereits dabei unterstützt, Kredite für mehr als 1,39 GW an Projekten zu schließen und zu verwalten, die insgesamt über 2 Milliarden Dollar an Finanzierungen betragen. Die Partnerschaft wird flexible Finanzierungslösungen von bis zu 150 Millionen Dollar für mittlere Marktprojekte im Bereich erneuerbare Energien unterstützen.
- Partnership has already facilitated $2 billion in project fundings
- Ability to offer flexible capital solutions up to $150 million
- Expansion into multiple renewable energy sectors including solar, storage, biogas, and EV charging
- Track record of closing loans for 1.39 GW of projects
- None.
Insights
This strategic partnership marks a significant expansion in Pathward's renewable energy lending capabilities. The collaboration with BridgePeak, which has already facilitated
The comprehensive lending approach covering development, construction and term debt phases creates multiple revenue streams. The integration with USDA-guaranteed loan programs reduces risk while maintaining attractive returns. This positions Pathward strategically in the middle-market renewable energy sector, potentially leading to sustained revenue growth and portfolio diversification.
The partnership's focus on diverse renewable technologies - solar, storage, biogas, hydrogen fuel cells and EV charging infrastructure - is strategically aligned with the evolving energy landscape. The digital-first platform approach will streamline loan processing and risk assessment, important for scaling operations in the middle market segment where efficiency is key to profitability.
The track record of 1.39 GW in project funding demonstrates strong execution capabilities. This comprehensive coverage across the project lifecycle, from development through construction to term debt, creates a competitive advantage in a market where fragmented financing solutions are common.
A partner-driven model with BridgePeak Energy Capital will provide co-innovation and industry expertise to accelerate efficient, scalable and predictable growth within Pathward’s renewable energy initiative.
Focused on both project-level and corporate capital, the partnership allows Pathward to offer comprehensive solutions to solar and storage projects by leveraging BridgePeak’s industry knowledge and extensive relationships. In addition to supporting solar and battery storage developers, Pathward will continue its focus on biogas, waste-to-value, hydrogen fuel cells, and electric vehicle charging infrastructure projects.
BridgePeak is the nation’s leading renewable energy lender service provider with more than
“The expanded partnership with BridgePeak Energy Capital is exciting and allows us to provide loans to renewable energy and storage projects more efficiently and more effectively,” said Christopher Soupal, Divisional President and Revenue Lending Officer of Pathward. “In these dynamic times, sophisticated renewable energy developers demand a highly efficient and knowledgeable capital partner. Pathward is excited to deepen our relationship with BridgePeak Energy Capital.”
Over the past several years, BridgePeak has assisted Pathward in closing and servicing loans for more than 1.39 GW of projects totaling more than
“This partnership highlights Pathward’s commitment to the
About Pathward®
Pathward®, N.A., a national bank, is a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH). Pathward is a
About BridgePeak Energy Capital
BridgePeak Energy Capital (formerly known as Palmetto Energy Capital) is the country’s leading renewable energy loan service provider to banks and private credit funds. BridgePeak provides comprehensive loan origination, underwriting, closing, servicing and portfolio management solutions designed to maximize value for all stakeholders. As of September 2024, BridgePeak manages a portfolio of more than
View source version on businesswire.com: https://www.businesswire.com/news/home/20241121979011/en/
Pathward
Courtney Heidelberg
605.291.7044
mediarelations@pathward.com
BridgePeak Energy Capital
info@BridgePeak.com
Source: Pathward, N.A.
FAQ
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