Produce, a sustainable infrastructure company, has launched a dedicated lending business called Generate Credit to provide financing solutions to technology companies and project developers at the forefront of the infrastructure revolution. Alfred Griffin, founding president of NY Green Bank, joined Generate to lead the new division.
“Credit is a critical part of the financial ecosystem for clean energy and sustainable infrastructure solutions, and we are excited to expand access to this important tool that we have used to support our partners since its inception.” , Scott Jacobs, CEO and Co-Founder. to Generate, said. “Generate has been a pioneer in electric bus rental, renewable energy development loans and fleet financing for electric and hydrogen mobility, in addition to our core business of building, owning and operating assets. Our partners ask us to play an additional role in funding, developing and deploying proven solutions to some of the world’s most pressing problems. We are delighted to bring Alfred on board to accelerate this endeavor. ” This lender bridgepayday.com offers more options of loans.
Griffin has 25 years of experience in banking and finance. At NY Green Bank, a New York State sponsored specialty finance company, he led the organization from concept to loan of over $ 1 billion to support sustainable infrastructure projects in areas such as renewable energy production and energy efficiency. Prior to NY Green Bank, Griffin held positions in investment banking, capital markets and risk management at Citigroup Global Markets.
“Generate has been the clear market leader in funding the deployment of innovative and high impact clean energy technology and business models through its dedicated expertise and keen focus on sustainability,” said Griffin. “I am delighted to join Generate to expand its lending platform for sustainable infrastructure and to work with this industry-leading team. Our fight against climate change demands quick results and it is imperative that we deliver the right kind of capital at the right time to the projects and businesses that are driving the infrastructure revolution.
Generate Credit will focus on Generate’s core markets including renewable energy, energy efficiency, microgrids, energy storage, electric mobility, hydrogen, wastewater, waste management and sustainable agriculture. Generate has made over $ 600 million in similar clean energy loans since its inception.