Renew Energy Partners (RENEW), a distributed generation, microgrid and energy efficiency company that provides turnkey solutions for decarbonization, has announced the financing of its fourth investment vehicle, Renew Energy Efficiency Projects 4 (EEP4).
EEP4 will be used to fund a portfolio of projects, including energy efficiency, combined cooling, heating and power, distributed generation, microgrids, battery-energy storage, thermal storage, and electric vehicle-charging stations for commercial, industrial and institutional customers.
The special-purpose vehicle has executed a master revolving loan and security agreement with Mitsubishi HC Capital America and purchased a majority interest in EEP3 — RENEW’s third investment vehicle, which includes the MACOM microgrid project in Lowell, Mass., the Isla Frio cold storage-efficiency project in Puerto Rico and $100 million of signed memoranda of understanding for future business. EEP3 had raised $130 million as of Ju