Aspen Power Partners, a renewables-focused distributed generation platform with the dual mission of accelerating and democratizing decarbonization, announced the upsizing of its $25 million senior-secured first-lien development warehouse facility provided by Lombard Odier Asset Management Corp. (USA) on behalf of funds under its management. These funds include the LOIM Sustainable Private Credit Strategy managed by Peter Pulkkinen and Rhys Marsh, which was recently backed by the Environment Agency Pension Fund (UK).
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The Aspen team is currently executing on hundreds of megawatts of solar and storage projects across California, Maine, Maryland, Massachusetts, New York and Pennsylvania. “True to our mission, we are working hard to remove obstacles for customers and partners in pursuit of gigawatt-scale zero-carbon impact, and this facility further catalyzes and accelerates our development pipeline. We were aware of Peter and Rhys’ reputation at the Avenue Sustainable Solutions Strategy and selected them at our growth inflection point due to their collaborative approach, market leadership in sustainable investing, and innovative strategy delivering flexible, tailored credit solutions to climate-aligned businesses. Our stakeholder-aligned approach serves consumers of all income levels and helps support everyday American families and small businesses by providing long-term power bill savings,” said Jorge Vargas, Co-Founder at Aspen Power Partners.
Aspen’s community solar, multifamily, and commercial and industrial rooftop projects are providing climate solutions via access to clean distributed energy for consumers and businesses across all income levels and hard-to-reach property types. Aspen’s development and construction activities strengthen communities, help farmers and other landowners preserve their property and livelihoods for future generations, make buildings more sustainable, support more than a thousand local jobs, and create bill savings for tens of thousands of low-and-moderate-income households, local businesses, and other customers.