CleanCapital Acquires 64 Solar and Energy Storage Projects From Greenbacker

CleanCapital, a leading independent power producer focused on distributed clean energy, announced its successful acquisition of a 64-project, 51.2 MW operating solar portfolio from Greenbacker, an energy transition-focused investment manager and independent power producer (“IPP”). This sizeable acquisition—among the largest in the company’s 10-year history—significantly expands CleanCapital’s portfolio to exceed 350 operating and under construction solar and energy storage assets. The portfolio is distributed across 13 U.S. states and includes a diverse mix of rooftop and ground-mounted solar systems, many of which serve municipal, university, school, and hospital (MUSH) entities, as well as commercial customers. These projects not only provide reliable, emissions-free power but also support local economies, reduce energy costs, and contribute to offtakers’ long-term energy goals.

“Continued investment in operating assets is critical to satisfying ever-increasing energy demand across the U.S.,” said Julia Bell, chief investment officer at CleanCapital. “This portfolio is a textbook example of both the value of distributed generation assets and the opportunities that accompany portfolios like this one. No other platform can match CleanCapital's expertise in valuing, conducting due diligence, and managing diverse assets like these at scale.”

“We are pleased to collaborate with CleanCapital on a deal that delivers high-quality, high-impact assets, while supporting our strategic focus on building larger-scale clean power projects that accelerate the transition to a more resilient and sustainable U.S. energy system,” said Dan De Boer, Greenbacker’s interim CEO.

“For nearly a decade now CleanCapital has built its reputation for efficiency and certainty to transact with portfolio acquisitions like this one,” stated Alyssa Rinaldi, Senior Director, Business Development at CleanCapital. “We look forward to continuing to grow our portfolio with quality projects from respected partners like Greenbacker.”

This acquisition bolsters CleanCapital’s position as a national leader with an operating commercial solar portfolio that is among the largest in the U.S., according to Wood Mackenzie. By expanding its footprint across these key markets, CleanCapital is helping to modernize the U.S. energy grid, strengthen energy security, and unleash American energy dominance.

Ignite Renewable Capital (IRC) represented Greenbacker as the advisor in this transaction.

CleanCapital | https://cleancapital.com/

Greenbacker Renewable Energy Company | https://greenbackercapital.com

Ignite Renewable Capital | https://igniterenewablecapital.com/