Marder Seafood is a sustainably-sourced seafood supplier located in the highest-grossing fishing port by value in the nation. The C-PACE financing enables a solar PV installation and roof upgrade that will reduce energy costs at the facility.
Highlights
Amalgamated Bank funded this C-PACE transaction through FASTPACE. The $1.24M financing is the fourth closing in the PACE Massachusetts program since its creation in 2020. C-PACE financing funded 100% of the C&I solar project cost, showcasing how C-PACE can be used to support clean energy and efficiency improvements to existing buildings.
Results
The financed improvements are projected to yield $1.9M in lifetime energy cost savings at the property.