CleanCapital, a diversified U.S. clean energy company focused on middle-market solar and storage, has received an additional commitment of up to $500 million from Manulife Investment Management.
This marks the company’s largest fundraise to date and surpasses the cumulative deployment milestone of more than $1 billion to fund operating, new construction and early-stage development solar and storage assets.
CleanCapital plans to leverage the investment to fund early-stage solar and storage development and acquire renewable energy assets throughout the United States, as well as expand its partnerships in emerging markets.
“Our team’s climate investing capabilities, combined with our rigorous and highly institutionalized process, have earned the trust of the world’s leading institutional investors,” said Thomas Byrne, CEO of CleanCapital. “This second infusion of balance sheet capital follows the successful deployment of Manulife Investment Management
