Lafayette Square and Invenergy launch community solar joint venture
Kids explore the JeffCo Community Solar Garden in Arvada, Colorado. (Joe Amon/MediaNews Group/The Denver Post via Getty Images)
Eric Wesoff
Reactivate, a new joint venture with half a billion dollars in backing, says it has figured out how to profitably develop community solar projects to serve low- to moderate-income communities.
Lafayette Square, an impact investment firm, and Invenergy, one of the largest private independent power producers, launched Reactivate this month. Lafayette Square and Invenergy will provide capital, technical help and dedicated personnel to manage and operate Reactivate’s solar projects.
In addition to getting lower-income households access to solar, Reactivate also wants to get them access to solar jobs. It aims to train workers in historically underrepresented segments of the workforce. The company also plans to create opportunities for businesses owned by minorities and women.
Full Story: https://www.canarymedia.com/articles/solar/heavy-hitters-form-500m-joint-venture-to-expand-community-solar-to-disadvantaged-communities
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162 w
This is terrific
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165 w
Cool!
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165 w
Great