HASI and IGS Solar Close Structured Equity Capital Partnership to Finance Residential Solar & Storage Systems
The rooftop solar systems in the portfolio are primarily contracted to homeowners via 25-year leases, which enables homeowners to benefit from monthly savings on their electricity bills. The systems are expected to be located across 11 states, with a focus on
“IGS’s forward-thinking approach and well-established profile as one of the largest independent retailers, combined with their significant experience and growth as a residential solar sponsor, make them an ideal partner,” said Daniela Shapiro, Senior Managing Director of HASI. “This investment marks an exciting milestone, and we look forward to building a strong programmatic partnership with IGS Solar to advance our shared mission of creating a sustainable energy future.”
Since its establishment in 2017, IGS Solar has deployed >
“A strategic partnership with such an experienced financing partner in HASI will enable accelerated growth for IGS Solar in new markets and is expected to be the first of many, paving the way for future opportunities and advancements in the energy sector,” said Brandon Childers, COO of IGS Energy.
Marathon Capital, LLC served as financial advisor to IGS Solar.
About HASI
HASI (NYSE: HASI) is a leading climate positive investment firm that actively partners with clients to deploy real assets that facilitate the energy transition. With more than
About IGS Energy
IGS Energy is redefining what it means to be an energy retailer. We are leading a transition to a more sustainable energy future for a healthier planet by empowering home and business customers to source the energy that’s right for them, manage their costs and carbon footprint, and protect the systems that keep their homes running efficiently.
As a proudly private company that follows the principles of Conscious Capitalism, we prioritize the needs of our customers, our employees, and the communities where we live and work. IGS Energy offers sustainable technologies and services, including
IGS Solar is an affiliate of IGS Energy, since its establishment in 2017, the company has deployed over
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HASI
Gil Jenkins
media@hasi.com
IGS Solar
Jessica Spencer
Jessica.spencer@igs.com
Source: Hannon Armstrong Sustainable Infrastructure Capital, Inc.