Daily News: January 5, 2015

Advanced Energy Capital Finances $50MM to Power Island Energy

Advanced Energy Capital, an energy finance company, announced the signing of a letter agreement to finance up to $50 million for the installation of CHP projects originated and developed by Power Island Energy.

“We are excited to once again work with Advanced Energy Capital. Jack Doueck and Rick Rudy have been increasing their footprint in the green and energy-related space and their partnership with Greenbacker Group is very compelling,” said Steve Wilson, CEO of Power Island Energy.

Power Island Energy develops and installs standby genset systems and CHP projects primarily focused on healthcare facilities, commercial buildings and light industrial locations.

AEC is a specialty finance firm dedicated to providing affordable and innovative financing solutions to Energy Efficiency, Energy Storage, Renewable Energy and Retail Energy businesses.