New York, NY – July 29, 2025 – CleanCapital, a leading independent power producer focused on distributed clean energy, today announced its successful acquisition of a 64-project, 51.2 MW operating solar portfolio from Greenbacker, an energy transition-focused investment manager and independent power producer (“IPP”). This sizeable acquisition—among the largest in the company’s 10-year history—significantly expands CleanCapital’s portfolio to exceed 350 operating and under construction solar and energy storage assets. The portfolio is distributed across 13 U.S. states and includes a diverse mix of rooftop and ground-mounted solar systems, many of which serve municipal, university, school, and hospital (MUSH) entities, as well as commercial customers. These projects not only provide reliable, emissions-free power but also support local economies, reduce energy costs, and contribute to offtakers’ long-term energy goals.
“Continued investment in operating assets is critical to satisfying ever-increasing energy demand across the U.S.,” said Julia Bell, chief investment officer at CleanCapital. “This portfolio is a textbook example of both the value of distributed generation assets and the opportunities that accompany portfolios like this one. No other platform can match CleanCapital’s expertise in valuing, conducting due diligence, and managing diverse assets like these at scale.”
“We are pleased to collaborate with CleanCapital on a deal that delivers high-quality, high-impact assets, while supporting our strategic focus on building larger-scale clean power projects that accelerate the transition to a more resilient and sustainable U.S. energy system,” said Dan De Boer, Greenbacker’s interim CEO.
“For nearly a decade now CleanCapital has built its reputation for efficiency and certainty to transact with portfolio acquisitions like this one,” stated Alyssa Rinaldi, Senior Director, Business Development at CleanCapital. “We look forward to continuing to grow our portfolio with quality projects from respected partners like Greenbacker.”
This acquisition bolsters CleanCapital’s position as a national leader with an operating commercial solar portfolio that is among the largest in the U.S., according to Wood Mackenzie. By expanding its footprint across these key markets, CleanCapital is helping to modernize the U.S. energy grid, strengthen energy security, and unleash American energy dominance.
Ignite Renewable Capital (IRC) represented Greenbacker as the advisor in this transaction.
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About CleanCapital
CleanCapital is a leading independent power producer focused on distributed clean energy, including middle-market solar and energy storage. The company develops, builds, owns, operates, and invests in clean energy assets across the U.S. Leveraging over a decade of clean energy expertise and over $1.5 billion in investments, CleanCapital has built a diverse portfolio of operating assets and a growing project pipeline. By combining institutional capital with in-house expertise and regional development partnerships, CleanCapital delivers economically sound projects that drive more clean megawatts to the grid, solidifying energy dominance in the U.S.
About Greenbacker
Greenbacker Renewable Energy Company LLC is a publicly reporting, non-traded limited liability sustainable infrastructure company that both acquires and manages income-producing renewable energy and other energy-related businesses, including solar and wind farms, and provides investment management services to other renewable energy investment vehicles. We seek to acquire and operate high-quality projects that sell clean power under long-term contracts to high-creditworthy counterparties such as utilities, municipalities, and corporations. We are long-term owner-operators, who strive to be good stewards of the land and responsible members of the communities in which we operate. Greenbacker conducts its investment management business through its wholly owned subsidiary, Greenbacker Capital Management, LLC, an SEC-registered investment adviser. We believe our focus on power production and asset management creates value that we can then pass on to our shareholders—while facilitating the transition toward a clean energy future. For more information, please visit https://greenbackercapital.com.
About Ignite Renewable Capital
Ignite Renewable Capital is focused on renewable energy financing, development and consulting to leading developers and financiers in North and South America. Since its inception, Ignite has demonstrated the ability to successfully market both operating and development renewable assets to various investors and maximize returns to its clients. To learn more, visit https://igniterenewablecapital.com/ and connect with us on LinkedIn.