Catalyze, a project developer and independent power producer of distributed renewable energy assets, secured $85 million in tax equity investment from RBC Community Investments (RBC).
The financing will be used to construct and complete approximately 75 MW of commercial, industrial, and community solar projects across the U.S. in 2025.
The company’s distributed generation portfolio now totals 300 MW of projects in operations and construction.
“RBC is a valued financing partner, and we are pleased to further expand our relationship with this latest investment,” said Jared Haines, CEO of Catalyze. “This financing enables us to further our mission to bring scalable distributed generation projects to businesses and communities nationwide.”
“RBC’s investment in this portfolio demonstrates our commitment to advancing clean energy solutions within local communities,” said Jonathan Cheng, Managing Director at RBC. “We are excited to partner with Catalyze on the strategic deployment of these and future projects.”
The investment from RBC supports the company’s growing pipeline of distributed renewable energy projects, driving the deployment of renewable energy solutions that benefit property owners, businesses, and communities.
In March, the company also secured a $400 million multi-year debt facility from ATLAS SP Partners, a warehouse finance and securitized products firm majority-owned by Apollo funds.
Last year, in May, the company secured $100 million in financing from NY Green Bank, a division of the New York State Energy Research and Development Authority, to develop a 79 MW portfolio of community distributed generation solar projects across New York State.
The company’s private equity sponsors, EnCap Investments and Actis continue to support Catalyze’s growth strategy as it expands its renewable energy portfolio.
According to Mercom’s recently released Q1 2025 Solar Funding and M&A report, announced large-scale project funding in Q1 2025 increased by 27% compared to Q1 2024.
