On October 16, 2025, Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL), announced a $25 million corporate financing commitment to Redball EnergyCo, LLC. Redball EnergyCo is a leading developer of residential and commercial solar assets headquartered in the Washington, D.C. area. The commitment is part of a $50 million aggregate financing package that will support the deployment of over 30 megawatts (MW) of rooftop solar across D.C., Maryland, and Connecticut.
This financing expands Amalgamated Bank’s renewable energy lending portfolio and reinforces its mission‑driven focus on socially responsible banking. By backing projects that serve underserved communities, the bank strengthens its niche market of political, non‑profit, and sustainable clients. The $25 million tranche also positions Amalgamated Bank to capture a growing share of the U.S. rooftop solar market, which is projected to expand by 75% by the end of 2025.
The $25 million commitment is expected to generate incremental interest income and fee revenue as the projects reach completion, while also enhancing the bank’s capital ratios through the credit quality of Redball EnergyCo’s portfolio. Additionally, the partnership aligns with Amalgamated Financial Corp.’s broader strategy to invest in high‑yield sustainable lending and digital monetization platforms. The deal underscores the bank’s continued commitment to delivering value to its socially conscious client base while supporting clean energy deployment.
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