CleanCapital, a prominent clean energy company based in New York City, has received an additional commitment of up to $500 million from Manulife Investment Management. This significant investment will be instrumental in fueling the development of early-stage solar and storage projects, as well as the acquisition of renewable energy assets across the United States. CleanCapital also aims to expand its partnerships in emerging markets, further solidifying its position in the clean energy sector.
Under the leadership of CEO Thomas Byrne, CleanCapital is dedicated to the middle-market solar and storage industry. The company strategically invests in various renewable energy projects, including those in the early-stage, new construction, and operational phases, while also collaborating with development partners. With a track record of investing $1 billion in projects and companies, CleanCapital has already made notable acquisitions, such as the national leader in landfill and brownfield renewable energy development, BQ Energy. Through its acquisitions and management of over 200 operating and new construction projects across 26 states and one U.S. territory, CleanCapital has amassed a total capacity of more than 400 MW.
With the support of Manulife’s investment, CleanCapital is poised to accelerate its growth and contribute significantly to the clean energy transition. The funds will be instrumental in advancing the development of solar and storage projects, fostering sustainability, and expanding the company’s portfolio of renewable energy assets. Moreover, CleanCapital’s focus on emerging markets demonstrates its commitment to driving global clean energy adoption.
CleanCapital’s commitment to diversifying the clean energy landscape, coupled with its strategic investments and acquisitions, positions the company as a key player in the industry. As the company continues to expand its presence and strengthen its partnerships, CleanCapital is well-positioned to contribute to the advancement of clean energy solutions and the global transition to a sustainable future.