News provided by Soltage
Sep 23, 2025, 10:00 ET
Financing highlights Soltage’s innovative investment partnership and established project pipeline
JERSEY CITY, N.J., Sept. 23, 2025 /PRNewswire/ — Soltage, a leading independent power producer (IPP) specializing in the development, financing, and operation of distributed utility-scale solar and energy storage assets, today announced the closing of a $525 million tax credit investment agreement.
This innovative financing structure includes the purchase of investment tax credits over two years, providing Soltage with stable, long-term capital to continue the development, construction, and operation of its 2+ GW pipeline of photovoltaic and battery energy storage projects.
Specifically, this transaction is expected to fund the next 260 MWs of Soltage’s energy asset deployment. The agreement also includes a commitment from a Fortune 500 company to purchase tax credits generated through the partnership through 2026.
“We are pleased to announce this investment vehicle, accelerating our ability to deliver mission-critical generation resources to our customers across the U.S.,” said Mihir Mehta, Chief Investment Officer of Soltage. “This transaction supports the continued growth of domestic clean energy infrastructure and helps create high-quality local employment opportunities.”
Following Soltage’s $260 million debt raise in June 2025, this transaction further solidifies the company’s position as a leader in US energy development—delivering reliable, sustainable power to communities and businesses across the country.
About Soltage
Soltage is a leading independent power producer that develops, owns, and operates distributed utility-scale solar and energy storage assets across the United States. Serving utility, commercial, industrial, and municipal clients, Soltage has delivered more than 125 clean energy projects totaling over 500 MW of distributed generation capacity. Headquartered in Jersey City, New Jersey, Soltage is backed by Igneo Infrastructure Partners, a global infrastructure investment manager with over $20 billion in assets under management. Learn more at www.soltage.com.
SOURCE Soltage