From: Mercom India
Invenergy, a privately held independent power producer and developer of energy infrastructure projects in North America, has secured a $215 million tax equity investment through a Crux-managed vehicle for its 240 MW Pleasant Prairie Solar Energy Center in Franklin County, Ohio.
According to Crux, the hybrid tax equity investment is structured to monetize the project’s federal investment tax credits and support the deployment of the solar project. Crux provides capital raising and deployment services for clean energy and critical infrastructure through advisory, investment, technology, and intelligence offerings.
The Pleasant Prairie Solar Energy Center is under construction and expected to begin commercial operations in 2027.
The project’s construction will support approximately 300 jobs. The project is also expected to generate more than $230 million in local economic investment over its operating life.
A third-party offtaker will receive the clean energy credits associated with the facility’s new generation capacity.
“Having worked alongside Invenergy for many years, it’s been a pleasure to support another important financing,” said Yonette Chung McLean, Chief Capital Officer of Crux. “As projects and capital markets become more sophisticated, success increasingly depends on bringing together the right mix of capital, structuring expertise, and execution. That’s exactly the role Crux fills: helping leading developers access efficient financing so they can keep building.”
In July, Nadara, an independent power producer, closed a pan-European refinancing valued at approximately €1.2 billion (~$1.4 billion) for a 1.5 GW portfolio of operating wind and solar assets. The transaction covers 47 renewable energy projects in Italy, the U.K., France, Spain, Sweden, Norway, and Finland.
Announced large-scale solar project funding increased by 71% in the first half of 2026 compared with the funding raised in the same period in 2025, according to Mercom’s recently released 1H and Q2 2026 Solar Funding and M&A report.
