CleanCapital, an independent power producer focused on distributed clean energy, announced the acquisition of a portfolio of 64 operating solar projects totaling 51.2 MW from Greenbacker, an energy-transition-focused investment manager and independent power producer.
The portfolio is distributed across 13 states in the U.S., including a diverse mix of rooftop and ground-mounted solar projects. Most of these projects serve municipal, university, school, and hospital entities, as well as commercial customers.
This acquisition expands the company’s portfolio of distributed solar projects, totaling over 450 MW across 27 states. In addition, the deal exceeds 350 operating and under-construction solar and energy storage projects.
The company did not disclose the financial details of the transaction. Ignite Renewable Capital advised Greenbacker on this transaction.
“For nearly a decade now, CleanCapital has built its reputation for efficiency and certainty to transact with portfolio acquisitions like this one,” stated Alyssa Rinaldi, Senior Director, Business Development at CleanCapital. “We look forward to continuing to grow our portfolio with quality projects from respected partners like Greenbacker.”
Last year, CleanCapital announced the acquisition of a solar portfolio comprising 40 projects with a total capacity of 22.7 MW from Kendall Sustainable Infrastructure, an asset management firm. The company also acquired two fully operational solar projects totaling 13 MW. BQ Energy Development has developed projects that supply clean energy to a local university, healthcare provider, and municipality in upstate New York.
According to Mercom’s 1H and Q2 2025 Solar Funding and M&A report, approximately 19.9 GW of solar projects were acquired in the first half of 2025, compared to 18.5 GW in the first half of 2024.
In June, Nexwell Power, a Nexwell Group institutional-grade platform focused on accelerating the energy transition, announced the acquisition of a 248 MW solar project portfolio from Q ENERGY, a renewable energy company headquartered in Berlin and an affiliate of the Hanwha Group.
