Advanced Energy Finances Village Green Installations
Advanced Energy Capital, an energy finance company led by Jack Doueck and Richard Rudy, announced the signing of a letter agreement with Village Green Global to finance up to $15 million in energy efficiency and related installations in North America.
The first group of transactions — energy efficiency installations in the California market — are expected to fund in November of this year. VGG’s focus is to save customer’s considerable energy costs and help them lower their building’s carbon emission foot print.
“We consider AEC’s financing offering to be a perfect fit for our Commercial and Industrial customer base. Doueck and Rudy and their team understand our goals and their flexibility and creativity helped make this happen. Given their partnership with Greenbacker Group and Greenbacker’s $1.5 billion raise for green energy finance, we are optimistic that this is the first of many deals to come,” said Doug Smith, CEO of Village Green Global.
“AEC continues to screen a wide range of opportunities including Geothermal Ground Loop, energy efficiency and energy storage projects and we enthusiastically welcome VGG and expect this to be the beginning of a fruitful relationship with Doug and his team,” said Rick Rudy, principal of AEC.
“The powerful combination of VGG’s auditing and carbon-reduction expertise, and AEC’s credit, finance and structuring expertise should help make a huge impact on carbon reduction, said Jack Doueck, principal and co-founder of AEC. “We view Village Green Global as an innovator in the Energy Efficiency space, and are pleased to assist in their efforts to offer a ‘turn-key’ solution for the end-users which they expect will open the door to exponential growth.”
Village Green Global provides environmental advisory, reporting and education.