PosiGen receives $200 million investment from international company
An international company has increased its investment by $200 million in PosiGen, a New Orleans company that specializes in selling solar energy systems to low-income households.
This brings Brookfield Asset Management’s total investment in PosiGen since 2023 to $600 million. Brookfield is an investment firm with more than $1 trillion in assets. The company’s assets include telecommunications towers in India. A portfolio of hydro, wind and solar assets across North America. Commercial real estate in New York, Toronto, and Houston. and the Port of Los Angeles.
Founded in 2011, PosiGen has installed approximately 30,000 solar power systems in 15 states. The business does not offer credit-checked loans, so all households, including those with low credit scores, can benefit from the service.
The company’s business model relies on tax credits, allowing it to partner with banks and other financial institutions to finance solar panel installations and lease them to homeowners. Our primary offering is a 20-year, no down payment, no escalation lease, and no minimum credit score or income level is required to qualify.
Small businesses are more optimistic about the economy
A recent survey found that small business owners feel more optimistic about the economy after the election.
The National Federation of Independent Business’ Small Business Optimism Index rose eight points in November to 101.7, its highest reading since June 2021.
The uncertainty index fell 12 points to 98 in November, following a record high of 110 before the election in October.
Bill Dunkelberg, the federation’s chief economist, said that after the presidential election, small business owners have become more confident about the future of their businesses, ending nearly three years of record uncertainty. He said he had cut it off.
“Owners are particularly excited about tax and regulatory policies that foster strong economic growth and ease inflationary pressures,” he said in a statement. “Additionally, small business owners are eager to expand their businesses.”
The net percentage of owners expecting the economy to improve rose 41 points from October to 36%, the highest since June 2020.
Some owners hope 2025 will be a good time for growth. The percentage of small business owners who think now is a good time to expand their business increased by 8 percentage points to 14%. This is also the highest level since June 2021.
