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Aspen Power Secures New Investments to Accelerate Clean Energy Growth
Slice of Energy Team
March 02, 2025
Key Highlights:
Aspen Power secured additional investment from Carlyle, reinforcing their partnership since 2022.
Closed a $142 million construction-to-term credit facility with MUFG to support its 2025 project pipeline.
Announced a new $50 million revolving credit facility with BMO, replacing its prior financing with Lombard Odier Asset Management.
Funding will drive community solar, C&I, multifamily, and small-scale utility projects across the U.S.
Source: Business Wire
Notable Quotes:
“This additional investment from Carlyle, facility from BMO, and financing from MUFG provide Aspen Power with the support and capital to accelerate renewable energy projects that deliver economic and environmental value for communities and stakeholders.”
“Aspen Power has consistently demonstrated strong execution in developing distributed generation projects and successfully scaling its platform to drive meaningful economic and environmental impact.”
“BMO is committed to supporting the financial progress of our customers, clients, and the communities we serve – helping economies to thrive.”
“Aspen’s strong pipeline of distributed generation projects aligns with our commitment to financing innovative clean energy solutions.”
Why This Matters:
Aspen Power’s latest financing agreements mark a significant step in scaling distributed clean energy solutions across the U.S. With backing from major financial institutions, the company is well-positioned to expand its renewable energy footprint, benefiting businesses, municipalities, and communities nationwide. These investments reinforce Aspen’s role as a key driver in the clean energy transition, helping meet sustainability goals while delivering economic value.