CleanCapital inked a corporate investment from Manulife Investment Management to grow its portfolio of clean energy assets. Manulife Investment Management’s $300 million commitment was sourced for the John Hancock Life Insurance Company balance sheet as well as third party managed accounts. CleanCapital will use the investment from Manulife to accelerateRead More

CleanCapital announced today its final acquisition of 2019, a 16.5 megawatt portfolio consisting of seven operating solar projects. CleanCapital’s acquisitions last year totaled 105 MW, more than doubling the company’s cumulative acquisitions of prior years. The portfolio, dubbed “Liberty,” is made up of projects located in Connecticut and Massachusetts withRead More

In 2008, when the investment tax credit (ITC) came into play, people had no idea what a power purchase agreement (PPA) was. Fast forward 10 years to 2018 and there is 300x growth in corporate energy procurement through PPAs. The market has matured, and a lot of different investors areRead More

CleanCapital just announced its largest acquisition to date, a 75.2 MW solar portfolio made up of 15 operating solar projects in New Jersey. This is the fourth in a series of acquisitions made through CleanCapital’s $250 million investment vehicle with CarVal Investors. CleanCapital now owns and operates 180 MW ofRead More

CleanCapital closed on a refinancing of its largest solar portfolio: Tahoe. The 46.9 megawatt portfolio, one of the largest independent C&I solar portfolios in the U.S., was acquired from ATN International, Inc. subsidiary Ahana Renewables. Lenders for the $85.7 million financing that matures in 2026 are Santander Bank, N.A. andRead More

CleanCapital acquired a 13.2 MW solar portfolio from General Energy Solutions USA, comprised of sites in Indianapolis and Columbus, Ohio. CleanCapital now owns and operates 108 solar sites in 11 states ranging in size from 25 kW to 12,600 kW. The company’s partnerships with CarVal Investors, BlackRock, and other institutionalRead More

CleanCapital announced a new partnership with BlackRock’s global renewable power platform with the closing of a 46.9 MW portfolio of solar assets from ATN International, Inc. subsidiary, Ahana Renewables. The portfolio consists of 60 operating solar projects located in California, Massachusetts and New Jersey. The acquisition is CleanCapital’s largest toRead More

CleanCapital announced a second solar acquisition from G&S Solar, a New York-based developer that builds, develops and operates solar systems in multiples states in the Northeast. The 10.2 MW portfolio comes less than a month after the acquisition of a 14.3 MW portfolio from X-Elio. This new portfolio is comprisedRead More

CleanCapital announced its largest solar acquisition to date from X-Elio, a Spanish developer with U.S. operations based out of Reno, Nevada. The 14.23 MW portfolio leverages capital from CleanCapital’s new partnership with CarVal Investors. These solar projects are located in California and Vermont and consist of high-quality customers including schools,Read More

CleanCapital and CarVal Investors, a global alternative investment fund manager, announced a new $250 million equity partnership that, including debt financing, enables the acquisition of up to $1 billion of clean energy assets. This partnership harnesses CarVal’s expertise across different asset classes and creates an opportunity to define clean energyRead More