Skyline Innovations Inc. has closed $2 million in mezzanine financing to fund its continued expansion. The company says the funding will increase its ability to provide underserved communities with solar and create local job opportunities in construction and project management.

Advertisement

CCM US LLC, a Washington, D.C.-based asset management group that invests in clean energy and real estate, led the investment. Co-investing with CCM is DC Community Ventures, a community development venture capital fund that invests in D.C. metro companies with significant profit potential that deliver financial returns to investors and social returns to local communities.

Skyline finances, installs, monitors and maintains commercial-scale solar hot water systems without upfront capital investment from customers. The company says its solar financing program enables businesses and multifamily buildings to go solar without taking financial or physical performance risks.

Announcement from our Chairman, David C BarclayThe World Renewable Energy Association are delighted to announce the launch of a brand-new initiative exclusively for its members. The Renewable Energy Finance Hub has been launched following the largest survey undertaken with UK businesses conducted by WoREA in conjunction with the UK Government and its partners. Reduce your businesses carbon footprint today and begin your journey towards net zero!