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Episode 60: Dr. Michael E. Mann

With Dr. Michael E. Mann, renowned climate scientist, author, and Distinguished Professor of Atmospheric Science at Penn State.

Episode 59: Live at the NYSERDA Green Innovation Showcase

With John Santoleri, Partner & Board Member of the Clean Energy Venture Group and Innovation Advisor for the NYSERDA Investor Advisory Board.

Episode 58: Live at Solar & Storage Finance 2019

With Mona E. Dajani of Pillsbury Winthrop Shaw Pittman LLP; Rael McNally of BlackRock; & Simms Duncan of Lightsource BP

The Cleanie Awards™ Selects CleanCapital For Startup of the Year

NEW YORK (Oct. 23, 2018) – CleanCapital has been chosen as The Cleanie AwardsTM recipient for Startup of the Year. The Cleanie Awards program is the first comprehensive awards program exclusive to the cleantech industry. The program, in its inaugural year in 2018, sets out to recognize innovation excellence, business leadership and superior outreach campaigns. Nominations were submitted from individuals and organizations of all sizes and across many facets of the industry.

For CleanCapital, this award signifies how influential this company has been within the cleantech field, specifically within innovative and competitive field of companies bringing new ideas to market.

“The Cleanie Awards set out to identify the unsung movers and shakers in the industry, from the top of the Fortune 100 list to hot startups, pioneering individuals and high impact advocates,” said Elyssa Rae, program director, The Cleanie Awards. “CleanCapital exemplifies the type of innovation and leadership that we are seeking in an award winner. Their accomplishments serve as an inspiration to the broader cleantech industry.”

“We are honored to be selected for a Cleanie Award as Startup of the Year. Finance has a critically important role to play in order to accelerate the deployment of clean energy at the speed and scale required to mitigate the most severe impacts of climate change,” said Marc Garrett, Chief Technology Officer of CleanCapital. “We are tackling these challenges every day at CleanCapital, as we leverage technology to increase the flow of capital throughout the clean energy market.”

CleanCapital is a financial technology company that makes it easy to invest in clean energy. Despite the historic growth in clean energy, the flow of capital within the distributed space remains limited. CleanCapital is solving this challenge using proprietary technology to identify, screen, finance and manage clean energy projects. This unique approach is giving owners and developers the capital they need to grow while also providing investors with unique access to the distributed clean energy investment market.

Founded in 2015, 2017 was a pivotal year for CleanCapital. The company established strategic capital partnerships to finance distributed generation assets. To date the team has acquired nearly $150M in operating solar projects. In 2017 alone, CleanCapital doubled its state footprint and increased its megawatt production by 150%, and with current acquisitions totaling over 100 MWs in 12 states. CleanCapital also successfully launched the Experts Only podcast with over 30 episodes and 30,000 downloads to date and closed $3.7M in Series A financing.

CleanCapital was selected by a cohort of judges and leaders representing a cross section of the cleantech and renewable energy sectors, including Allie Burns, Village Capital; Thiam Giam, Black & Veatch Management Consulting, LLC; Marissa Gillett, Energy Storage Association (ESA); Kristen Graf, WRISE; Gil Jenkins, ACORE; Shalini Ramanathan, RES; Chris Vlahoplus, Scott Madden; and Tom Weirich, Rubicon Infrastructure.

A full list of winners can be found thecleanieawards.com.

To learn more, visit cleancapital.com

About CleanCapital
Founded in 2015, CleanCapital is a financial technology company that makes it easy to invest in clean energy. CleanCapital has built a proprietary technology platform that identifies, screens, and manages clean energy projects enabling project owners an opportunity to exit their portfolios while providing accredited investors, including institutional investors, family offices, and investment funds, unique access to the clean energy investment market. Stay up to date on the evolving market of clean energy finance by following the company on Twitter or Facebook or connecting via LinkedIn. Learn more at http://www.cleancapital.com.

About The Cleanie Awards:
The Cleanie Awards is the first comprehensive awards program exclusive to the cleantech industry. It generates much needed visibility for innovators and disruptors in the industry who are creating life [and planet] changing solutions. The campaigns recognized by the award program aim to influence public opinion about technologies delivering on the promise of a clean energy future. For more information, visit our website at www.thecleanieawards.com. Follow us on Twitter or Facebook at @CleanieAwards and on LinkedIn.

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A rollercoaster week for the broader markets, but business as usual for clean energy assets

It has been a tumultuous week in the financial markets. It’s not the first time, and most certainly not the last time, that risky assets such as global public equities have seen such extreme short-term volatility. But it also serves as a reminder that asset classes such as renewable energy infrastructure are insulated from whipsaw action. At CleanCapital, we own and manage projects that deliver steady cash flows, underpinned by the long-term contracted sale of a basic necessity to our customers. We’ve known for some time that cumulative default rates for Infrastructure and Project Finance are significantly lower than for NFC (non-financial corporates); 1.83% vs 3.45% in the 2006-2016 period according to S&P Global Fixed Income Research. However even equity investment delivers highly predictable cash flow with annualized distributions usually within 1-2% of expected projections.

These assets have proven technology, limited operational risk, long-term residual value upside and  broad-based political and regulatory support, particularly at the state level. This week has been business as usual for CleanCapital—we’re paying attention to the broader markets but marching along to deliver steady value for our investor base.

CleanCapital Announces Second Acquisition in One Month, Adding 10.2 MW of Operating Solar

 The portfolio of two operating solar projects in Massachusetts leverages the $250 million equity partnership with CarVal Investors

New York, NY [May 31, 2018] CleanCapital announced a second solar acquisition from G&S Solar, a New York-based developer that builds, develops and operates solar systems in multiple states in the Northeast. The 10.2 MW portfolio comes less than a month after the acquisition of a 14.3 MW portfolio from X-Elio. This new portfolio is comprised of two solar projects located in Massachusetts and consists of high-quality customers including a corporate entity and municipality as the offtakers. CleanCapital’s proprietary platform enabled their ability to execute on these two complex transactions in a short timeframe. The technology, coupled with access to dedicated capital, streamlines and expedites due diligence and analysis, allowing complex deals like these to close efficiently.

Today’s announcement brings CleanCapital’s total to nearly $150m of acquired operating solar assets. It’s an exciting year for the team as they change the paradigm for clean energy finance. Despite the historic growth across the industry, the flow of capital within the space remains largely stagnant. Leveraging their proprietary platform and capital partnerships, CleanCapital is bringing liquidity to a historically capital inefficient clean energy marketplace.

“This is only the beginning. Closing two complex deals on such a short timeline is an exciting next step for us and the clean energy marketplace. We were founded on the principle that we can streamline the complexities of clean energy transactions by leveraging technology, allowing for more capital to enter the sector and accelerating clean energy deployment,” said Marc Garrett, CTO, CleanCapital.

“G&S Solar was pleased to sell a portion of its solar assets in Massachusetts to CleanCapital,” said John Faltings, President of G&S Solar. “Transactions such as this can get bogged down by the complex diligence process but the CleanCapital team was efficient and very professional at managing the acquisition of these operating solar assets. We look forward to working closely with them in the near future.” This deal was brokered on behalf of G&S Solar by Chris Hopgood of Ignite Renewable Capital, LLC.

CleanCapital is a financial technology company that makes it easy to invest in clean energy. They deliver technology solutions to all aspects of the transaction process—from lending to capital raising, origination to diligence. The proprietary technology platform identifies, screens, and manages clean energy projects enabling project owners an opportunity to exit their portfolios while providing accredited investors, including institutional investors, family offices, and investment funds, unique access to the clean energy investment market.

About CleanCapital:

Founded in 2015, CleanCapital is a financial technology company that makes it easy to invest in clean energy. CleanCapital has built a proprietary technology platform that identifies, screens, and manages clean energy projects enabling project owners an opportunity to exit their portfolios while providing accredited investors, including institutional investors, family offices, and investment funds, unique access to the clean energy investment market. Stay up to date on the evolving market of clean energy finance by following the company on Twitter or Facebook or connecting via LinkedIn. Learn more at http://www.cleancapital.com.

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Leveraging Technology to Finance Clean Energy

In February, I joined CleanCapital as the Head of Acquisition because I was excited about the company’s approach to utilizing technology to transform the way clean energy projects are financed. On April 30th, CleanCapital acquired a 14.23MW portfolio of solar assets from X-Elio. The purchase was significant for us in many ways. It was our largest acquisition to date, our first acquisition with our new partner, CarVal Investors, the first to utilize our proprietary technology platform, and on a personal level, it was the first deal to close since I joined the team.

The Ability to Close Complex Deals

This portfolio is a perfect case study of the complex market of small scale solar assets. The portfolio is comprised of 8 projects in two states (California and Vermont), and includes ground-mount, rooftop and carport facilities; and municipal, corporate and utility offtakers. We’re able to navigate these complexities with ease. Through our underwriting process, we drill down to the fundamental features of the assets we’re seeking to acquire, increasing efficiency in the sale process.

Streamlining Diligence by Leveraging Technology

Not only are we able to underwrite even the most complex portfolios of assets, we have developed a proprietary technology platform to streamline review by interested investors. We launched the platform for both seller and investor with the acquisition of this portfolio. The platform gives us the tools to package the diligence of a complex portfolio into an easily digestible format.

Smooth Closing Process

As with many of the assets we screen, this portfolio had existing financing in place that was repaid concurrently with our acquisition. Our team has deep industry experience, enabling us to facilitate a smooth closing process on deals of all shapes and sizes, and this was no exception. By coordinating expertly with the various stakeholders and through the regulatory regimes of two states, all parties enjoyed a smooth closing process.

Growing Our Partnership with Carval Investors

The acquisition of this portfolio marks the beginning of our new partnership with CarVal Investors. We look forward to continuing to build our portfolio with CarVal as we find new ways to leverage the $250 million partnership.

Learn more about the new partnership to acquire up to $1 billion in clean energy assets>