From Pulse 2.0 · Amit Chowdhry · · 40s
Candide Group Closes $71.5 Million Climate Fund
Candide Group launches $71.5m climate fund to support clean energy in underserved U.S. communities.
In brief
Candide Group launches $71.5m climate fund to support clean energy in underserved U.S. communities. Candide Group closed a $71.5 million climate fund to finance clean energy projects in historically underinvested U.S. communities. Originally reported by Pulse 2.0.
Afterglow Fund Launch
Candide Group closed the Afterglow Climate Justice Fund at $71.5 million to finance clean energy and climate resilience projects in historically underinvested U.S. communities.
Funding Strategy
The fund targets projects that struggle to get conventional financing despite serving communities with high energy costs and significant climate risks.
Community Involvement
Afterglow incorporates community representatives directly into its investment process with two board members per transaction and full consent required for loans.
The one thing
Candide Group closed a $71.5 million climate fund to finance clean energy projects in historically underinvested U.S. communities.
