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Posted: July 30, 2025
CleanCapital’s acquisition of 64 solar projects from Greenbacker adds 51.2 MW of capacity and expands its portfolio beyond 350 assets. Spanning 13 states, the deal reflects the rising importance of distributed solar energy in powering commercial, municipal, and institutional facilities across the U.S.
CleanCapital has completed one of its largest deals in a decade, acquiring a portfolio of 64 solar projects from Greenbacker. The operational systems have a combined capacity of 51.2 megawatts and will expand CleanCapital’s portfolio to more than 350 solar and energy storage projects, both operational and in development. While the purchase price wasn’t disclosed, the company said the acquisition reinforces its reputation for speed and certainty in transactions. The newly acquired sites span 13 states and include both rooftop and ground-mounted systems, serving commercial clients as well as municipalities, universities, schools, and hospitals. This move strengthens CleanCapital’s position as a leader in distributed solar energy deployment.
This is CleanCapital’s second major acquisition in 2024, following a June deal with Pacifico Energy for over 27 MW of solar capacity and 25 megawatt-hours of battery storage in Massachusetts and California. Chief Investment Officer Julia Bell said continuing to invest in operating assets is essential to meeting the country’s growing energy demands. She called the new portfolio a “textbook example” of the value and opportunity distributed generation offers, particularly in a time of accelerating clean energy adoption.
For Greenbacker, the transaction aligns with its strategy to focus on larger-scale clean power projects. Earlier this year, the company rebranded from Greenbacker Renewable Energy Company and reported a 23% increase in clean energy production, bringing more than two dozen solar assets online in 2024. Among its current projects is the Cider solar farm, the largest solar project in New York State to date, expected to be completed by late 2026. Greenbacker interim CEO Dan De Boer said the CleanCapital deal delivers “high-quality, high-impact assets” while supporting the broader push toward a resilient and sustainable U.S. energy system built on distributed solar energy.
