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Ygrene Florida Acquires Lykes’ Ownership Interest in PACE in Florida

MIAMI, March 11, 2015 /PRNewswire/ — Ygrene Energy Fund Florida, Florida’s leading developer and administrator of Property Assessed Clean Energy (PACE) financing programs, and a joint venture between Ygrene Florida (a subsidiary of Ygrene Energy Fund, Inc.) and EcoAsset Energy Solutions (a subsidiary of Lykes Bros, Inc.), announced today that Ygrene Florida will acquire Lykes’ ownership interest in the venture.

Ygrene Energy Fund Florida has been selected by over 20 counties and cities in Florida as their PACE program administrator. As administrator, Ygrene Energy Fund Florida markets the PACE program to residential and commercial property owners seeking to finance energy efficiency, renewable energy, and hurricane protection upgrades.  Ygrene offers 100 percent financing, with competitive rates that are among the lowest in the industry, resulting in lower monthly payments and potentially making even the most expensive upgrades affordable.  Since 2013, thousands of home and business owners across the U.S. have utilized this simple and affordable financing mechanism to improve the value of their property and save millions of dollars on their energy bills.