Energy Efficiency Is About to Get a $200M Jolt From Wall Street

The pipeline for energy efficiency projects is set to get a big boost from institutional investors.

Two organizations, Joule Assets and Kilowatt Financial, have unveiled separate $100 million funds for efficiency projects. The two funds were announced within one day of each other.

Kilowatt Financial, a financier of solar and efficiency projects, closed a $100 million credit facility with Citi yesterday — creating a fund for ten- to twelve-year loans of up to $30,000 targeted at homeowners.

The fund may open the door to securitization, a financial tool that could expand efficiency investment to mutual funds, pension funds and big banks eager for new pooled assets.

\”This transaction will allow Kilowatt to launch a much-anticipated market for the securitization of consumer energy efficiency loans in the U.S.,\” said Marshal Salant, Citi\’s managing director of alternative energy finance in a statement.

via Energy Efficiency Is About to Get a $200M Jolt From Wall Street : Greentech Media.