June 24, 2025
This edition of Solar financing Spotlight Seems on various companies that protect loans to expand solar energy and other assets for renewable energy, as well as project acquisitions that influence industry. Soltage distracts things with his latest financing round, while CleanCapital has acquired a portfolio of Solar + storage projects on both coasts. Origis Energy, Scale Microgrids and Dimension Energy have also obtained financial support. Read on for more information.
Solution is closed on a construction and term financing facility of $ 260 million to support the use of solar and storage projects in the short term. The company currently has a development frame in the United States that exceed more than 2 GW.
The innovative financing structure includes a rotating construction loan, tax on Equity Bridge loan and Term loan facilities, offering flexible capital of Soltage to continue to develop, build and exploit the growing portfolio of infrastructure assets of clean energy.
The facility was structured and led by National Bank of Canada, alongside First Citizens Bank, with Bankunited, Cadans Bank and Siemens Financial Services that participated in joint arrangers. Legal adviser was provided by Foley Hoag LLP on behalf of Soltage, and Norton Rose Fulbright LLP represented the credit sound.
“This financing marks the continuous implementation of Soltage of innovative financial structures that enable efficient capital investments in domestic energy infrastructure,” said Jesse Grossman, CEO of Soltage. “With the support of National Bank of Canada, First Citizens Bank and our valued financial partners, this facility will make the construction of the next 250 megawatt of distributed sun and storage projects possible in our national portfolio.”
CleanCapital acquires 27 MW Solar + Storage Portfolio
CleanCapital Has acquired a portfolio of distributed generation assets with a total of more than 27 MW solar capacity and 25 MWh battery storage in Massachusetts and California.
This portfolio, taken from Pacifico Energy, consists of two Massachusetts Smart Solar and Energy storage assets and four (BTM) solar and energy storage activa behind the meter in California. The energy generated from this assets is supplied to local energy subscribers via the Ma Smart Program and Power Purchase Agreements (PPAs) with Mush and C&I offtakers. The portfolio includes advanced battery energy storage systems (BESS), the positioning of CleanCapital first in the modernization of grid and flexible energy solutions as energy demand continues to rise.
“The acquisition of this portfolio marks an important milestone for CleanCapital while we continue to expand our footprint on important American markets and deepen our investments in the distributed generation on the middle market,” said Julia Bell, Chief investment officer at CleanCapital. “This not only reinforces our presence in Massachusetts and California, but it also increases our assets further and makes deepening our capacities in managing energy storage, a critical grid-stabilizing active to achieve energy breach.”
Marathon Capital acted as adviser to Pacifico Energy LLC (F/K/A Pacifico Power LLC) about the sale of this co-located solar and storage portfolio.
Origis Energy closes the financing for a few solar projects
Origis Energy completed the successful financial closure of the Wheatland Solar Project with MustggOne of the 10 largest financial groups in the world.
The portfolio financing package supports two major Oris Energy projects. The Wheatland Solar Project in Knox County, Indiana, will offer 150 MWAC from solar capacity and is planned for completion in the first half of 2026. It is supported by a PPA with Centerpoint Energy. In the meantime, the Optimist Solar + Storage project in Clay County, Mississippi, 200 MWAC solar energy and 50 MW 4 hours of energy storage yields. This project is expected to be operational at the beginning of 2026 and will be supported by a PPA at the Tennessee Valley Authority (TVA). The optimistic part of the MUFG deal closed at the end of 2024. Origis Energy serves as a developer, owner and operator for both projects.
“We continue to see an unprecedented growth of the demand for electricity and are looking forward to completing this project for Centerpoint and its customers,” said Vikas Anand, CEO of Origis Energy.
MUFG coordinated leader, green loan coordinator and administrative agent, and participating banks include: Associated Bank, Cobank, National Bank of Canada and Natwest, as joint main regulators, and merged Bank and Siemens Financial Services as credit providers.
Latham & Watkins represented Origis Energy in the Wheatland transaction, in which Taft Stettinius served as a local counsel. Milbank, LLP, acted as the lawyer of MUFG, with Dentons who served as the local lawyer of MUFG.
Scale Microgrids surpasses $ 1 billion in project financing
Microgrids bowl is closed at $ 275 million in new project financing, which means that the total financing has been collected to more than $ 1 billion so far. Keybanc Capital Markets, Cadans Bank and New York Green Bank led this milestone transaction, with extra participating lenders, including Investec, Mitsubishi HC Capital America and Connecticut Green Bank.
This financing supports 140 MW of distributed generation projects, including microgrids, community scale solar energy and storage and installations of battery storage. These projects, many of which are already under construction, are spread over states, including New York, Pennsylvania, New Jersey, Connecticut and California.
“This transaction shows the financial strength of our company and the constant importance of financial innovation in distributed energy,” said Julian Torres, Chief Investment Officer Scale Microgrids, a portfolio company from EQT Group.
The financing of the participating lenders includes building loans, tax provision of tax shares, credit letters and term loans for projects that will introduce commercial activities in 2025 and 2026. Energetic capital will also offer credit improvement a credit insurance for the transaction.
Dimension Energy concludes $ 360 million financing package
Dimension -Energy has protected its largest construction and term financing ever. The company closed at $ 360 million to support a new 112 MWDC portfolio of 28 community solar projects in New Jersey, Illinois, Delaware, Virginia, Maine and Pennsylvania.
First Citizens Bank acted as the main debt syndicator, in addition to ING, MUFG, National Bank of Canada, Siemens, Cadans and Comerica. Advantage Capital supplied $ 170 million in tax provision. This portfolio of community projects for the community will create at least 500 jobs, as well as personnel development programs from high school to medium career, so that extra paths are created into well-paying local career in solar and related transactions.
“This financing mile post is proof of the experienced team of Dimension and our proven track record of implementation,” said Rafael Dobzynski, fellow founder and CEO of Dimension.
This closure is the third major Dimension financing this year, on top of $ 300 million in deals with Nuveen and Deutsche Bankand the sale of $ 128 million in tax credits On a Fortune 500 buyer. Investors continue to look at community zoning in the current policy environment Due to the short development and construction time lines, diversified portfolios spread over several markets and benefits for local energy networks.
“The growth of distributed generation is the transforming of the energy landscape and strengthening communities with more access to clean energy,” said Neha Mahajan, CRC-IB director. “With this latest financing, Dimension is well positioned to further scale their activities, to strengthen their leadership in the market. We are grateful for our continuous partnership and honored to support their capital increases efforts.”
CRC-IB acted as the exclusive financial adviser of Dimension. Community Solar projects offer power to the More than 50 percent From people who cannot place a solar energy on their houses or apartments. The Dimension projects use existing infrastructure, generate electricity where it is needed and offer cheap clean electricity to surrounding communities.
Tags: CleanCapital, Dimension Energy, Financing, Origis Energy, Scale Microgrids, Soltage
