Amalgamated bank announces $25 million commitment to redball energy, advancing rooftop solar for underserved communities

New york--(business wire)--amalgamated bank, a subsidiary of amalgamated financial corp. (nasdaq: amal), today announced a $25 million corporate financing commitment to redball energyco, llc, one of the leading developers, owners, and operators of residential and commercial solar assets headquartered in the washington, d.c. area. the investment is part of a $50 million aggregate financing that will support the deployment of over 30 megawatts (mw) of rooftop solar across d.c., maryland, and conn.
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