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Community Solar Company Offering Retail Energy Shopping Service Raises $30M from Nuveen
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Perch Energy, a community solar company which also offers a retail energy shopping service, today announced a $30 million investment from Nuveen, who is described as, "the $1.1 trillion asset manager of TIAA and one of the world’s largest real estate investment managers."
"This Series B growth investment from Nuveen will support the continued development of Perch’s leading clean energy tech platform, fund expansion into new sales channels, products, and community solar markets, scale operations and customer care services, grow management talent, and fund strategic partnerships," Perch said
"The partnership will also provide Perch with access to Nuveen’s strategic portfolio of affordable housing units and residential apartments," Perch said
Nuveen Real Estate is described as, "one of the largest investment managers in the world with $151 billion of assets under management."
Nuveen is said to be ranked as the 7th largest apartment owner in the 2023 National Multifamily Housing Council Top 50 list and is said to have direct equity investments in over 30,000 affordable housing units and 20,000 multifamily units in states with existing or planned community solar regulation.
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October 11, 2023
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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