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Ygrene Energy Fund Teaming with EcoAsset Solutions
[November 14, 2011]

Ygrene Energy Fund Teaming with EcoAsset Solutions


Nov 14, 2011 (Close-Up Media via COMTEX) -- Ygrene Energy Fund announced it has partnered with Tampa-based sustainability consultancy EcoAsset Solutions to market Ygrene Energy Fund Florida.

According to a release, Ygrene Florida will partner with Florida's local governments to reduce energy costs in businesses and homes, stimulate local economies and create thousands of jobs.

EcoAsset Solutions, a subsidiary of Lykes Bros. Inc., has experience in the design and management of long-term sustainability programs for state and local governments. Together with Ygrene Energy Fund, EcoAsset will contribute its resources to Ygrene Florida to drive program implementation by local governments as well as property owner participation.



"Ygrene Florida provides an immediate, sustainable source of private capital to finance property upgrades with no cost to the local government. It's one of the most potent tools within our reach to strengthen the state's economy. Florida needs this," said John Wakefield, president and COO of EcoAsset Solutions. "By implementing Ygrene Florida's unique model, we anticipate creating thousands of jobs throughout the state over the next five years." Ygrene Florida's energy efficiency program provides ready private capital to property owners who choose to improve the energy use of their commercial or residential building. The funding for eligible building improvements including a range of energy efficiency retrofits, renewable energy installations as well as wind hardening improvements is repaid via annual non ad valorem assessments on the property tax bill amortized over as much as 15 to 20 years. The savings resulting from the property improvements exceed the overall costs of the improvements.

Ygrene Florida has appointed Joseph Spector as director of operations to lead program implementation and marketing in Miami. Spector joins Ygrene Florida from senior management positions at Briggs & Stratton Corp., a global manufacturer and distributor of power products and engines. He was responsible for the establishment of Briggs & Stratton operations in Mexico and Brazil, and most recently served as the managing director of Latin American operations in Miami.


"The Ygrene funding model cuts through layers of red tape and provides a fast, efficient approval process for local contractors to execute projects in unprecedented numbers," said Spector. "Businesses and homeowners will benefit from lower utility costs, higher property values and increased cash flow. Furthermore, governments unlock enormous job potential while accelerating smart city development and protecting their financial outlook." Ygrene Energy Fund Florida is a developer and administrator of Property Assessed Clean Energy (PACE) financing programs throughout the state.

More Information: www.ygrene.us ((Comments on this story may be sent to [email protected]))

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