CleanCapital, a renewables investor focused on the middle-market solar and storage industry, has acquired a 26.2-megawatt portfolio of operating solar assets in Rhode Island, marking its first acquisition in the state. Financial terms were not disclosed.
The portfolio consists of 10 projects ranging in size from 250 kilowatts to 5.4 megawatts, with some net-metered assets and some feed-in-tariff operating projects. Offtakers for the net metering credit sales agreements across the portfolio include cities and schools of Central Falls, the YMCA and Johnson & Wales University. One of the solar projects is located on the property of WDCHOC, a local affordable housing authority that develops, constructs and manages housing for low- and moderate-income families, the elderly, and persons with special needs.
CleanCapital said it continues to pursue operating portfolios that align with its core mission of leading the energy transition in new markets such as Rhode Island, wh
