Generate Capital, an investor, owner and operator of critical infrastructure, recently announced the closing of a $117 million term debt facility with MUFG to finance a portfolio of community solar projects.
The facility supports Generate’s Community Solar Fund 11, which is composed of 18 projects totaling 114 megawatts DC across Illinois and New York. The financing will support Generate’s continued investment in community solar infrastructure that expands access to reliable and affordable power for communities and businesses.
Generate confirmed the transaction represents its first community solar financing with MUFG and expands the company’s network of institutional financing partners.
