Aligned Climate Capital has closed its sixth distributed solar fund, Aligned Solar Partners 6 (ASP6), with commitments above the $200 million target fund size. Aligned confirmed ASP6 achieved its final close with participation from well-known institutional investors in the United States and globally, including insurance companies, endowments, foundations and family offices. IREI understands the fund secured more than $240 million of capital.
Aligned has been investing in the distributed solar market since 2018, and this fund represents its largest investment partnership to date. ASP6 acquires construction-ready distributed solar projects from development partners across the United States; finances their buildout; and delivers returns through tax credit monetization, operating income distributions and portfolio sales to institutional infrastructure investors.
“The U.S. needs new power generation to meet growing electricity demand, and solar energy is the cheapest, fas
