CleanCapital, an independent power producer focused on distributed clean energy, has acquired a portfolio of 40 assets totaling 22.7 megawatts from Kendall Sustainable Infrastructure (KSI), one of the first established institutional owners of community solar projects.
The newly acquired Kendall solar portfolio consists of net-metering and community solar assets that reached commercial operation between 2015 and 2018. The solar assets serve a variety of offtakers, including MUSH (municipalities, utilities, schools and hospitals), utility, C&I and community solar subscribers. Of these, 38 are in Vermont, with the remaining two in New York and California.
The acquisition brings CleanCapital’s portfolio of operating and under-construction assets to more than 240 projects totaling more than 340 megawatts, which is among the largest commercial solar portfolios in the United States, according to Wood Mackenzie.
Financial terms of the deal were not disclosed, but
