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Episode 51: Lisa Jacobson & Ethan Zindler

President of the BCSE and Head of Americas at Bloomberg NEF

Episode 50: Amy Francetic

Managing Director of Energize Ventures

CleanCapital Refinances 46.9 MW Solar Portfolio With Santander & CIT

NEW YORK —June 17, 2019—CleanCapital announced today that it has closed on a refinancing of its largest solar portfolio, Tahoe. The 46.9 megawatt portfolio, one of the largest independent C&I solar portfolios in the U.S., was acquired from ATN International, Inc. subsidiary Ahana Renewables. Lenders for the $85.7 million financing that matures in 2026 are Santander Bank, N.A. (“Santander”) and CIT Bank, N.A. (“CIT”).  

CleanCapital has grown rapidly over the last year, acquiring more than 84 MW of distributed operating solar since April 2018. The Tahoe portfolio was acquired by CleanCapital last November as part of its partnership with BlackRock’s Renewable Power Group. The underwriting of the debt by Santander Bank and CIT signals confidence in CleanCapital’s track record of quality execution in C&I solar.    

“As we continue to build up our assets under management and optimize the value of those portfolios, partnering with the top banks in the market gives us best-in-class execution,” said CleanCapital Chief Investment Officer Matt Eastwick. “We’re pleased to work with CIT and Santander Bank on this refinancing, which enhances investor returns on our largest and most diverse solar portfolio.”

“Sustainability financing is a core competency at Santander Bank and we are thrilled to support CleanCapital and BlackRock in their clean energy endeavors” said Nuno Andrade, Managing Director and Head of Structured Finance for North America at Santander Bank, N.A.’s Corporate & Investment Banking Group. “We are proud to have structured the financing of this complex C&I solar portfolio to support our valued and strong partners.”

“CIT is proud to support the continued growth of CleanCapital in renewable energy with the successful refinancing of this major solar portfolio,” said Mike Lorusso, managing director and group head for CIT’s Power and Energy business.

About CleanCapital

CleanCapital is an industry-leading clean energy investment platform. Its mission is to accelerate investment in renewable energy to address the urgent threat of climate change. CleanCapital’s leading edge technology platform facilitates the evaluation and acquisition of clean energy assets with speed and certainty. Since 2015, CleanCapital has leveraged investments from BlackRock, CarVal Investors, John Hancock, and other partners to acquire more than $300 million of distributed operating solar assets. Learn more at | Twitter: @cleancapital_ | LinkedIn:

Episode 49: Dr. Jennifer Gerbi

Associate Director for Technology and Program Director at ARPA-E

Episode 48: Andrea Luecke

President and Executive Director of The Solar Foundation

Episode 47: Dr. Lucas Joppa

Chief Environmental Officer, Microsoft

Episode 45: Michael Terrell

Head of Energy Market Development at Google

Episode 44: Rob Davis

Director of the Center for Pollinators in Energy at Fresh Energy

Episode 43: Charlie Isaacs

Chief Technology Officer at Salesforce

Episode 33: Live from Solar Power International

Live from Solar Power International – The Economics of Microgrids