What is Virginia PACE?
The Virginia PACE Authority (VPA) operates as a nonprofit entity, administering a statewide C-PACE program designed to provide innovative financing solutions for energy efficiency, renewable energy, and water management projects. VPA actively collaborates with a diverse range of stakeholders, including commercial businesses, property owners, contractors, and local governments. Their objective is to streamline the financing process for sustainable projects, encompassing both new developments and existing structures. Through its uniform and cost-effective C-PACE platform, VPA aims to foster economic growth and advance Virginia's clean energy objectives.
How much funding has Virginia PACE raised?
Virginia PACE has raised a total of $10K across 1 funding round:
Debt
$10K
Debt (2021): $10K with participation from PPP
What's next for Virginia PACE?
Operating at a Series A/B growth stage, the Virginia PACE Authority's recent infusion of moderate growth capital suggests a strategic focus on scaling its operations and expanding its reach. The organization is well-positioned to leverage this financing to enhance its program offerings and solidify its role in promoting sustainable development. Future endeavors will likely involve deepening partnerships and potentially exploring new avenues for financing innovative environmental projects, further aligning with the Commonwealth's clean energy goals.
See full Virginia PACE company page
