ImpactAlpha, April 11 – CleanCapital acquires and bundles US solar farms, then finds investors who are interested in its portfolios. It is ramping up its acquisition strategy with a $250 million partnership with CarVal Investors, a 30-year-old investment firm founded by agricultural giant Cargill, with $10 billion in assets under management.
- Acquisitive… CleanCapital has invested nearly $100 million in projects in 10 states, representing 21.6 megawatts of electricity.
- Leverage… The new partnership plans to leverage its equity to acquire $1 billion in solar assets.
“It allows us to go out and buy a lot more solar assets,” CleanCapital’s Thomas Byrne told Bloomberg. “We’re looking at a broad range, from a few hundred kilowatts to a handful of megawatts.”