Solar Investment 4

As the energy landscape becomes cleaner and more distributed, CleanCapital will continue to create solutions and partnerships that deliver capital throughout this transforming market.

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$64,250,000
Amount

Equity Partnership
Investor Structure

The portfolio consists of 60 projects totaling 46.9 megawatts of operating solar, one of the largest independent C&I- and municipal-focused solar portfolios in the U.S. The projects are located in California, Massachusetts and New Jersey. The partnership purchased equity interests in the holding companies that own, indirectly, each of the underlying solar projects. Proceeds of the investment were used to fund the purchase price of the portfolio acquisition as well as ordinary course closing costs.

There are 26 distinct off-takers with long-term PPAs and net metering credit agreements and a weighted average remaining contract term of 12.6 years (as of 3/31/2018). The Portfolio benefits from project locations in states with relatively high and rapidly increasing retail electricity rates, which makes renewal of the PPA a more attractive option than purchasing power from the local utility.

46.9 MW
Total

Ahana Renewables
Seller

Oct 2018
Date Acquired

60
Number of Projects

A+ to AAA
Offtaker Ratings Range

MA – CA – NJ
Geography

Disclosure

Information on this website does not convey an offer of any type and is not intended to be, and should not be construed as, an offer to sell, or a solicitation of an offer to purchase, any interest in a portfolio. Any such offer or solicitation may be made only pursuant to the offering memorandum of such portfolio or fund (the “Offering Memorandum”) and not on the basis of the information contained on this website. This website is qualified in its entirety by the Offering Memorandum, which should be reviewed carefully prior to making an investment.

Every investment has the potential for loss as well as profit. The investment described herein is speculative, involves significant risk and is suitable only for investors of substantial net worth who are willing and have the financial capacity to purchase a high risk investment which may not provide any immediate cash return and may result in the loss of all or a substantial part of their investment. No assurance can be given that the investment objective described herein will be achieved. An investor should be able to bear the complete loss of its investment with CleanCapital.

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