Since 2015, CleanCapital has approached the renewable energy market with a single focus: to accelerate the flow of capital into distributed generation (DG) projects. Why? Because the climate crisis is the greatest challenge we face. Meeting the energy needs of businesses, schools, non-profits, and municipalities with affordable clean energy is one of the most effective paths to achieving a net-zero energy future.
We have assembled one of the largest portfolios of operating solar assets in the country, and we’re not done yet. Today, CleanCapital is deploying capital to early-stage renewables development and leads the market by investing in emerging and underserved markets in this sector.
Energy Produced (2022)
In 2021, we announced that CleanCapital would finance the construction of ten projects totaling 29 MW in Howard County, Maryland, as part of the largest power purchase agreement (PPA) in the state.
The Howard County PPA is part of the municipal government’s larger Live Green Howard initiative. When all the sites are operational, they will provide at least 60 percent of the County government’s electricity usage, with a greenhouse gas (GHG) emissions equivalent of taking nearly 7,000 cars off the road. The combined anticipated cost benefit to the County over the 25-year life of the contract is more than $1.5 million.
In 2022, CleanCapital secured $71.4 million of tax equity and debt financing for the Howard County portfolio. The debt financing was arranged with CIT, a division of First Citizens Bank, and the tax equity transaction was with Nelnet, Inc. CleanCapital will generate approximately $250 million in tax credits from these projects, making us the sponsor of choice for tax equity investors focused on the renewables market.
CleanCapital provides capital and investment expertise to developers who want to grow and scale. We enable these partners to focus on what they do best—developing projects—while our team provides resource support and ready access to funding. We are well-capitalized and ready to do business with you.
We Are One of the Top Ten Commercial Solar Asset Owners in the Nation
We Have Successfully Acquired and Managed Projects in 27 States & U.S. Territories
We Are Backed by Manulife Investment Management