CleanCapital, an independent power producer focused on distributed solar and energy storage, announced it has closed six projects totaling more than 33 MW of solar and 7.8 MWh of energy storage this year through repeat relationships with independent developers.
Developers working with CleanCapital gain a counterparty with more than a decade of operating history and over $1.5 billion in capital deployed, backed by in-house construction, financing and asset management teams that get projects built and keep them performing. With federal tax-credit deadlines approaching, the company continues to actively seek pre-NTP and construction-ready projects from developers and brings the procurement and execution resources developers need to keep projects on track.
Recent transactions include:
- Closed on a 20.09 MW solar portfolio consisting of three pre-NTP Massachusetts assets developed and sold by ReWild Renewables. All three projects have since begun construction. The projects will participate in the MA Net Metering Program, providing energy savings to a variety of public sector counterparties.
- Closed on the third and latest project in CleanCapital’s growing portfolio with developer White Pine Renewables. The portfolio currently totals more than 13 MW of behind-the-meter solar and 7.83 MWh of energy storage.
“CleanCapital’s strategy has always been grounded in finding the places where our capital and expertise can create the most value,” said Julia Bell, Chief Growth Officer at CleanCapital. “This year, that has meant working more closely with trusted developers earlier in the project lifecycle. We want to be the capital partner and long-term operator that developers come back to project after project, supporting quality pipelines in markets and segments that complement our own development work.”
“CleanCapital’s collaborative underwriting and diligence approach helped us bridge the critical period between late-stage development and full-scope construction,” said Michael Kremer, Co-Founder and Managing Partner at White Pine Renewables. “Thanks to our partnership with CleanCapital, these projects are poised to deliver long-term utility bill savings and price certainty for our behind-the-meter customers.”
“CleanCapital has been a sophisticated, efficient and collaborative partner in taking the projects ReWild developed through construction and into operation,” said Pat Jackson, Managing Member of ReWild Renewables. “We are proud of the significant savings this portfolio will bring to municipalities across Massachusetts, and we look forward to growing the partnership.”
CleanCapital’s business development team will be at RE+ in Las Vegas, November 16–19, and welcomes conversations with developers whose distributed solar and storage pipelines could benefit from flexible capital, project execution expertise and a long-term ownership partner.
About CleanCapital
CleanCapital is an independent power producer (IPP) focused on distributed clean energy, including middle-market solar and energy storage. As a full-lifecycle owner and operator, the company originates, develops, builds, owns, operates, and invests in assets across the United States, and is the second-largest owner of commercial and community solar assets in the country, according to Wood Mackenzie. With more than a decade of experience and over $1.5 billion in capital deployed, CleanCapital manages over 550 MW across more than 560 projects in 28 states as a best-in-class asset manager, with defined origination lanes and specialty in brownfield and landfill redevelopment and a growing development pipeline. By bringing institutional capital and a consistent process to the fragmented distributed generation market, CleanCapital delivers affordable, reliable energy and brings more clean megawatts to the grid.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261112027334/en/
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