Announced
Completed
Financials
Sources
Tags
Minority
Domestic
Acquisition
Friendly
Private Equity
Private
Single Bidder
Completed
Renewable Energy Equipment
clean energy solutions
United States
Synopsis
TPG Rise Climate, the climate investing strategy of TPG, completed a $150m investment in Palmetto, a technology enabled clean energy platform. "Palmetto's digitally enabled end-to-end platform creates efficiencies along every step of the residential solar ownership process, from sales and financing to installation and service and maintenance. As a result, customers benefit from cost effective home solutions, accelerated project timelines, and more reliable and affordable energy. Our investment in Palmetto underscores our belief in the growth of residential clean energy solutions over the coming decade in the US and Palmetto's ability to leverage its unique platform to further expand its market position," Steven Mandel, TPG Rise Climate Business Unit Partner.
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