Our portfolio company Clean Power Finance is on a tear. Recently they partnered with Morgan Stanley subsidiary MS solar Solutions Corp to help fund up to $300 million in residential solar leases. This illustrates that consumers are increasingly demanding low-risk, high-reward solar – and participating solar installers can easily provide their customers with a variety of lease options.
Clean Power Finance is channeling money into solar at the rate of $1 million per day and in March 2012 had its “highest level of applications ever.” Claremont Creek Ventures was one of the earliest investors in Clean Power Finance, and we continue to believe now what we believed then, this company and this industry will continue to grow and save consumers millions of dollars in electricity payments, create thousands of solar jobs and further the easy adoption of solar for thousands of homeowners around the country.
Next week CPF will have some other substantial news so stay tuned.