Hudson to finance Astrum Solar
Hudson Clean Energy has formed a partnership agreement with Astrum Solar and will provide up to $100m of financing to support the cost of its US residential solar installations.
“Hudson is a valuable partner with an exceptional understanding of solar finance. We look forward to working together to lower the costs associated with solar installations for our customers,” says Astrum co-founder Josh Goldberg.
The financing program expands Hudson’s global clean energy investment portfolio, which began in 2007 with a growth private equity fund in excess of $1bn and has continued with a solar infrastructure fund raised last year.
“This agreement is just the beginning. Hudson believes very strongly in the residential solar market's potential and is committed to making an impact in this space,” says Hudson managing partner Neil Auerbach.
“Residential solar is already cost-competitive with utility prices in several key markets. With the cost per kilowatt of residential solar systems continuing to decline, we will monitor new opportunities to productively deploy capital on behalf of our investors,” he adds.