Pathward, a U.S.-based financial empowerment company, expanded its partnership with BridgePeak Energy Capital to implement a digital-first renewables loan platform. The partnership is aimed at facilitating industry innovation and the continued growth of clean energy and rural economic development.
Focused on both project-level and corporate capital, the partnership is designed to allow Pathward to offer solutions to solar and storage projects by leveraging BridgePeak’s industry knowledge and relationships. In addition to supporting solar and battery storage developers, Pathward will continue its focus on biogas, waste-to-value, hydrogen fuel cells, and electric vehicle charging infrastructure projects.
“The expanded partnership with BridgePeak Energy Capital is exciting and allows us to provide loans to renewable energy and storage projects more efficiently and more effectively,” Christopher Soupal, divisional president and revenue lending officer of Pathward, said. “In these dynamic times, sophisticated renewable energy developers demand a highly efficient and knowledgeable capital partner. Pathward is excited to deepen our relationship with BridgePeak Energy Capital.”
In addition to corporate and development capital, the partnership has focused on conventional construction loans and USDA-guaranteed loans under the Rural Energy for America and Business and Industry loan programs.
“This partnership highlights Pathward’s commitment to the U.S. renewable energy sector,” Shawn Andrews, CEO of BridgePeak, said. “By offering credit products with proper risk adjusted pricing and efficient timelines, our partnership will create a new standard for middle market renewable energy lending. From development through construction to term debt, we are uniquely positioned to finance the entire project lifecycle. We couldn’t be more excited about this partnership with Pathward.”
