CleanCapital Completes $185M Debt Private Placement

NEW YORK--(BUSINESS WIRE)--CleanCapital, a leading independent power producer focused on distributed renewable energy, announced today the completion of a $185 million private placement debt issuance to top U.S. investors. This facility, which initially comprises 156 projects totaling over 180 MW, offers long-term financing flexibility and is designed to scale with additional tranches over time, meeting the needs of CleanCapital’s sizable and growing portfolio of distributed generation (DG) solar and energy storage projects.

As the U.S. faces mounting energy demand, energy affordability is becoming a critical issue nationwide. Distributed solar and energy storage provide a cost-effective solution to deliver new megawatts to the grid, address rising energy demand, and bolster grid reliability. This private placement demonstrates strong investor confidence in this market and in CleanCapital’s ability to deliver consistent return on investment. This private placement unlocks an additional debt market that has been historically less accessible to DG sponsors, strengthening CleanCapital’s ability to provide optimal project financing.

“This is a significant accomplishment for CleanCapital, cementing our place among the most mature and trusted operators in the market,” stated Melinda Baglio, General Counsel and Chief Financial Officer at CleanCapital. “This transaction provides a long-term, scalable financing solution tailored to the needs of distributed generation projects, enabling us to efficiently finance projects and deliver more clean and affordable megawatts to the grid.”

“Over the last ten years, CleanCapital has acquired, built, and managed clean energy assets representing over $1.5 billion of total enterprise value,” shared Winston Chen, Co-Head of Investments at CleanCapital. “With this transaction, we look forward to expanding our portfolio and capitalizing on solar and storage investment opportunities across the U.S.”

Milbank LLP acted as legal counsel to CleanCapital on the transaction.

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 $1.5 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.