CleanCapital, a fully integrated, diversified clean energy company, has established a new solar development partnership with Arena Renewables, a community and distributed solar and storage developer.
The two companies will expand the clean energy ecosystem by bringing grid-critical assets to Illinois, Maryland and other markets.
Under the terms of the agreement, CleanCapital and Arena Renewables will work together to finance and develop a substantial portfolio of distributed solar projects focusing on community solar and corporate offtake. Arena Renewables will develop the projects, drawing on the company’s expertise in delivering distributed solar and storage development projects to communities, and CleanCapital will provide a mix of debt and equity instruments to support Arena Renewables’ growth and operations, utilize its sophisticated diligence process to accelerate development, and own and operate projects in the long term.
This represents a significant