CleanCapital and CarVal Investors Team Up on $250 Million C&I Solar Fund

CleanCapital announced its latest funding partnership on Monday, a $250 million equity fund with CarVal Investors.

Since its inception in 2015, fintech startup CleanCapital has raised institutional capital for clean energy sectors that haven’t historically received mainstream backing. It has been mostly focused on operating commercial and industrial solar projects, purchasing over $100 million in distributed generation projects in the past several years.

CEO and co-founder Thomas Byrne said the latest $250 million raise provides CleanCapital the support to “really go out there and put a dent in the market.” The partnership builds on $21 million in funding from John Hancock in …read more

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