CleanCapital Expands Distributed Generation Credit Facility with Rabobank, Leveraging Energetic Capital’s EneRate Credit Cover®

Warehouse Facility grows by $81M to support mature distributed assets

NEW YORK--(BUSINESS WIRE)--CleanCapital, a leading independent power producer and investor in distributed clean energy assets, has expanded its warehouse credit facility with Rabobank, a premier global food and agribusiness bank and a leading financier of the energy transition. The upsizing—supported in part by Energetic Capital’s EneRate Credit Cover® policy—gives CleanCapital additional capacity to accelerate deployment of commercial-and-industrial (C&I) solar and storage projects across the United States.

The credit-insurance enhancement broadens CleanCapital’s eligible customer universe and provides more flexibility for term financing, helping meet surging demand for decarbonization solutions within the C&I sector.

“Rabobank’s expanded commitment deepens our partnership and accelerates CleanCapital’s rollout of distributed-generation assets nationwide,” said Winston Chen, Co-Head of Investments at CleanCapital. “EneRate Credit Cover® supports the facility by enabling competitive terms for a wider range of C&I customers.”

“Partnering with CleanCapital on this upsized facility supports Rabobank’s mission to finance the energy transition at scale long-term,” said Claus Hertel, Managing Director, Energy Transition Americas, Rabobank. “Energetic Insurance’s credit enhancement broadens the universe of clean-energy offtakers we can serve while maintaining disciplined risk standards. This will also expand the universe of long-term capital investors.”

“This milestone reflects our commitment to enabling scalable financing distributed generation projects,” said Nathan Maggiotto, SVP at Energetic Capital. “Capital efficiency is a major focus right now for all developers and asset owners. We're thrilled to help CleanCapital, a leading distributed generation asset owner, optimize their financing package for this transaction with financing provided by renewable sector leader, Rabobank.”

About CleanCapital

CleanCapital is a leading independent power producer focused on distributed clean energy, including middle-market solar and energy storage. The company develops, builds, owns, operates, and invests in clean energy assets across the U.S. Leveraging over a decade of clean energy expertise and over $1 billion in investments, CleanCapital has built a diverse portfolio of operating assets and a growing project pipeline. By combining institutional capital with in-house expertise and regional development partnerships, CleanCapital delivers economically sound projects that drive more clean megawatts to the grid, solidifying energy dominance in the U.S. For more information, visit https://cleancapital.com/.

About Rabobank

Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, and real estate services in more than 35 countries worldwide. Founded over a century ago, Rabobank today is one of the world’s largest banks with over $660 billion in assets.

In the Americas, Rabobank Wholesale Banking North America is a premier corporate and investment bank to the food, agribusiness, commodities and energy industries. Rabo AgriFinance, a subsidiary of Rabobank, is a leading financial services provider for farmers, ranchers and agribusinesses in the United States. Together, we provide sector expertise, strategic counsel and tailored financial solutions to clients across the entire value chain. Visit rabobankna.com.

About Energetic Capital

Energetic Capital is a leader in innovative financing solutions for clean energy and decarbonization projects. With a proven track record of unlocking over $800 million in project value across 1,500+ sites, Energetic Capital delivers scalable solutions across multiple technologies, including solar PV, wind, energy efficiency, microgrids, energy storage, community solar, and fuel cells. EneRate Credit Cover™ and other insurance policies are issued by RE3 Energetic Insurance Solutions, LLC, or SiKey Insurance Services, LLC in New York, wholly-owned subsidiaries of Energetic Insurance, Inc. d/b/a Energetic Capital. Energetic Capital complies with all state-mandated regulations for surplus line insurance brokers and RE3 Energetic Insurance Solutions, LLC is licensed as a surplus lines broker in Massachusetts with License #: 2053916. To learn more about Energetic’s products visit our website!

NOTE: This Press Release does not constitute and is not intended by Energetic Capital or any of the entities mentioned in this release to constitute a solicitation for any insurance business.