CleanCapital Secures $300M Debt Facility to Accelerate Distributed Renewables Buildout
CleanCapital, an independent power producer focused on distributed renewable energy, has closed a $300 million HoldCo debt facility with Infranity, an investment firm specializing in essential infrastructure. The financing will support CleanCapital’s next phase of growth, funding the development, construction, acquisition, and operation of a nationwide portfolio of distributed generation (DG) solar and energy storage assets.
To date, CleanCapital has deployed more than $1.5 billion into clean energy investments and scaled its portfolio to over 350 projects totaling more than 500 MW, underscoring its position as a meaningful consolidator and operator in the DG market. The new capital is structured to help the firm move projects more efficiently from late-stage development into long-term ownership.
“Partnering with Infranity will enhance our capabilities to develop, build, and operate solar and battery assets,” said Thomas Byrne, CEO of CleanCapital. “This capital will accelerate the conversion of our development pipeline into high-performing operating projects – reinforcing our commitment to build and operate a best-in-class DG portfolio.”
Over the past year, CleanCapital has advanced its development pipeline, bringing three brownfield projects online, acquiring more than 100 solar and storage assets, adding nearly 200 MW to its operating base, and completing a $185 million private placement debt issuance, further diversifying its capital stack.
For Infranity, which has invested over €5.6 billion to power more than 11 GW of energy projects across Europe, the CleanCapital deal represents a meaningful step in extending its sustainable infrastructure footprint into North America.
PJT Partners served as financial advisor and Milbank LLP as legal counsel to CleanCapital, while McDermott Will & Emery and Schulte Roth & Zabel advised Infranity on the transaction.