Renew Financial Acquires EcoCity to Expand PACE Financing

Renew Financial recently announced that it acquired EcoCity Partners, a leading Property Assessed Clean Energy (PACE) program administrator.

Based in St. Petersburg, EcoCity Partners created and administers the Florida Green Energy Works Program, a PACE program serving local governments from South Florida to the Panhandle.

"I am very pleased that we can bring EcoCity Partners into the Renew Financial family.  Together, we will be able to quickly scale our PACE offerings across the State of Florida," said Renew Financial CEO Cisco DeVries. "We have worked closely with EcoCity Partners for years and their Florida program is modeled on our CaliforniaFIRST PACE financing program.  We expect the integration to be smooth and us to greatly enhance the PACE experience in Florida very shortly."

Effective immediately, the EcoCity Partners team, which includes Erin L. Deady and Principals Amy Elliott and Maureen Eppley, will be joining Renew Financial.  Michael Wallander, a Principal of EcoCity Partners and also the founder and President of Demeter Power, will support the integration before shifting his focus fulltime on his work with Demeter Power.

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Date Posted: 10/22/2015