CIM Group has announced the launch of Permanent Power Company, a national power platform, following a series of recent transactions including securing a long-term power purchase agreement (PPA) and a $400 million financing commitment.
Permanent Power Company reflects the evolution of CIM Group’s power business from a collection of assets into a long-term power platform designed for scale, durability and sustained ownership across a broader geography and portfolio of assets. In order to best meet the growing needs of clients, the company consolidates operating solar generation, energy storage, transmission infrastructure and development‑stage projects under one platform, providing greater operational efficiency, financing flexibility and the foundation for expansion nationwide.
The company believes there is significant and growing demand for power generation and energy storage and plans to continue developing, acquiring and operating power projects across the United
