Urban Green Energy (UGE) Raises $20M Fund from Tamra-Tacoma Capital Partners (TTCP) to Provide Financing for UGE’s Fast Growing Telecoms Segment 

 

Urban Green Energy (UGE) announced today that the company has partnered with Tamra Tacoma Capital Partners (TTCP) to raise a dedicated fund for wind and solar distributed renewable energy projects in the telecoms sector. The $20 million fund will allow UGE to provide financing to telecoms customers to convert from using expensive diesel fuel sources to hybrid renewable energy. Financing will greatly accelerate the deployment of UGE’s Levelized Energy Agreement Program (“LEAP”), UGE’s offering for telecom firms looking to lower the cost of powering towers in developing countries and remote regions.

Read the full press release here