CleanCapital Impact Report
We continued our growth as a company in 2018. At CleanCapital, we are working to revolutionize the clean energy market through simpler finance.
This year demonstrated our ability to execute on large, complex deals in the distributed clean energy space. Our technology-driven approach, coupled with access to dedicated capital, streamlines and expedites the due diligence and analysis, required for complex deals to close efficiently. We’re looking forward to continuing to develop a robust clean energy marketplace that provides opportunities for investors and access to capital for developers, through a platform that identifies, screens, and manages clean energy projects.
Projects we have acquired*
What we have kept out of the atmosphere**
Tons of CO2
Miles Driven by a Car
Gallons of Gasoline
Highlights
Expanding opportunities for clean energy investing
Nearly $250M – Total value of the projects we’ve acquired to date. In 2018, we acquired 70 operating solar projects, over 70 Megawatts (MW) in 4 states (California, Vermont, Mass, NJ). This brings our total acquisitions to over 100 MW in 12 states.
New partnerships to bring dedicated capital to distributed energy markets
CleanCapital established new partnerships with leading capital providers like BlackRock and CarVal Investors, securing over $1 billion for clean energy investing.
“BlackRock Renewable Power is excited to launch this new partnership with CleanCapital, which will allow us to more efficiently deploy capital in the distributed generation sector of renewable power on behalf of our clients. Investors are increasingly interested in the investment opportunities presented by the rapidly changing clean energy space, and we’re pleased to invest in solar assets that are well-positioned to capitalize on those trends. We look forward to working with CleanCapital as we continue to grow our investments in distributed clean energy.”
David Giordano
Managing Director and Head of Renewable Power Americas and APAC at BlackRock
Experts Only podcast hit the road
We released 23 episodes of our podcast, exploring the intersection of energy, innovation and finance, including live recordings at PACE Nation, Solar Power International, CELI emPOWER and NYSERDA Summit. Listen to our podcasts.
Platform: Two acquisitions in thirty days with efficient diligence
CleanCapital’s proprietary platform allowed us to execute on two complex transactions in a short timeframe. The technology, coupled with access to dedicated capital, streamlined and expedited due diligence and analysis, allowing complex deals to close efficiently.
Closed our largest acquisition to date
Solar Investment 4 is 46.9 MW portfolio of solar assets from ATN International, Inc. subsidiary, Ahana Renewables. The portfolio consists of 60 operating solar projects located in California, Massachusetts and New Jersey. This transaction highlights both CleanCapital and BlackRock Real Asset’s ability to execute on large, complex deals in the distributed clean energy space. Learn more.
Learn about our projects
Packaging Facility in New Jersey
Corporate renewable energy procurement reached a new record in 2018, with 3.57 gigawatts (GW) of clean energy projects announced this year to date in the United States. The corporate offtaker for this project has committed to connecting the world in responsible and resourceful ways which includes expanding on sight renewable energy generation to power their day to day operations.
Location: New Jersey
Portfolio: Solar Investment 1
Site: Roof
System Size: 2.4 MW
Est yearly production: 2,400,100 kWh
PPA Term: 15
Military Base in California
Disruptive technologies that are more efficient and resilient not just in energy sector but across the entire economy are reaching economies of scale and readily deployed. Look no further than the military’s increasing adoption of distributed energy technologies to enhance energy security at domestic bases. This project is replacing 10% of the bases demand with solar power, helping the flight testers maintain access to air, land and water for testing and other operations, while not upsetting the delicate balance of the desert ecosystem.
Location: California
Portfolio: Solar Investment 4
Site: Ground
System Size: 3.4 MW
Est yearly production: 7,259,545 kWh
PPA Term: 10
Massachusetts Municipality Invests in Solar
American cities and counties are preparing their communities for environmental changes that are already underway, while also taking steps to prevent additional, more catastrophic changes in the future. Local leaders are taking the climate challenge head-on, with bold moves that have an immediate, on-the-ground impact.
This project has converted what would have been a vacant lot into revenue stream coupled with cost savings for this Central Massachusetts town.
Location: Massachusetts
Portfolio: Solar Investment 3.1
Site: Ground
System Size: 5.9 MW
Est yearly production: 6,831,365 kWh
PPA Term: 20
Awards and Recognition
KwhAnalytics
Top Solar Asset
Renewable Energy World
Solar 40 Under 40
The Cleanie Awards
Startup of the Year 2018
Learn more
CleanCapital is looking to partner with EPCs and Developers. We are financing commercial and industrial solar assets and actively acquiring projects. Ready to sell? Let us know!
* MWh are a calculated with real data and projections from projects acquired in 2018
** Calculations based on EPA Greenhouse Gas Equivalencies Calculator