In a year of unprecedented change, the AVANA Family of Companies has had a tremendous year serving our client’s needs in our core industries.
We have been especially pleased with the number of projects we have contributed to in the clean and renewable energy space. AVANA Capital has a long history of investing in renewable and solar energy, expanding economic and investment opportunities to a greater number of people, creating jobs, and ultimately a more sustainable future. Investing in and supporting economic, social, and governance (ESG) projects is a cornerstone of our organization.
U.S. Government Doubles-Down on Solar
By now, you have likely heard about the recent blueprint announced by the Biden administration outlining an ambitious call to address climate change by prioritizing solar power energy.
The president has called for 100 percent of the nation’s electricity infrastructure to come from clean energy by 2035. This bold plan, which will elicit forthcoming policies to decarbonize the country’s energy, will require a “massive and equitable” deployment of renewable energy. Read More
The Solar Rising Tide
The federal government is only the latest facet of society to make a strong pivot toward clean energy. In addition to other factors, three components have been driving the growth in sustainable energy:
1. Finance and investment sectors are driving the shift to green energy with large private equity firms requiring their portfolio companies to report on ESG (Economic, Social, and Governance) indicators, demonstrating their businesses contribute to holistic, positive gains in communities, not profits at the expense of people, ethics or the environment. Read More
AVANA’s Core Mission and Special Industry Niche
We can help reach climate goals faster and ensure our clean energy future is reliable and affordable for all Americans. AVANA focuses on solar, renewable, and natural gas energy. We finance projects on energy efficiency, energy storage, and batteries. AVANA’s renewable energy team was able to support these projects by providing them with:
- Construction loans via AVANA Capital; and,
- Term loans from Extensia to support the projects for up to 25 years.
With typical loan sizes ranging from $1MM to $50MM, AVANA takes a problem-solving approach to provide creative solutions with flexible terms and efficient timelines, ensuring business success. Read More
- Fostering the energy transformation from oil and gas to renewable and clean.
- Measurable and observable effects of climate change
- Committed to the sustainable/ESG sector
- The industry is downturn resistant in a volatile global economy
What we offer:
- 7-25 year, permanent loans through Extensia, the credit union arm of AVANA Companies
- Pre-NTP loans (notice to proceed) funded through AVANA Capital
- $1-50 million dollar projects
G&S Solar and Investors
Recently, AVANA Companies partnered with G&S Solar and Investors, a real estate and renewable energy developer and investor, to finance a large portfolio of rooftop community solar projects.
With an estimated total cost of over $50MM, 60 projects are planned for installation in the New York City area, with some in the construction phase already underway.
When the 60 solar sites are fully launched, this solar portfolio will generate over 26,000,000 kWh of electricity per year for participating New York City residents.
Walter Cuculic, AVANA’s Executive Vice President of Renewable Energy, recognized the high value of this project, along with the developer’s experience and track record to bring these projects to completion, and knew that AVANA could help make this happen. Read More
Borrowers, like G&S Solar, are drawn to Extensia & AVANA because of our deep knowledge and experience in the energy sector from our industry leaders. AVANA is seen as a lender who understands the nuanced business models of renewable energy developers.
AVANA Companies have a long history of financing renewable energy, expanding economic and investment opportunities to a greater number of people, creating jobs, and ultimately a more sustainable future.
Over the last 4 years, AVANA has financed over $550MM in ESG projects within the solar, biogas, and energy-efficiency equipment sectors. We are committed to growing our investment and financing clean energy in the future, with a target of $500MM annually in renewable energy financing going forward.
Please reach out to us if we can help you strategize and support solar power development.