CleanCapital, a clear energy firm based mostly within the U.S. and targeted on middle-market solar and storage, has closed its second tax fairness partnership with Nelnet Inc. This new partnership covers 5 solar initiatives in Alaska, Maine and New York totaling 36 MW.
The present partnership covers 5 new building initiatives: three neighborhood solar initiatives in New York, one neighborhood solar venture in Maine and an 8.5 MW solar venture in Alaska, which would be the largest within the state when it’s accomplished. These websites are anticipated to start operations by the tip of this 12 months and can generate round 50 GWh of unpolluted energy yearly as soon as totally operational. Collectively, the initiatives are anticipated to generate roughly $25.5 million in tax credit.
“We are pleased to announce this tax equity investment and the expansion of our partnership with Nelnet,” says Winston Chen, senior director, capital markets at CleanCapital. “Tax equity investment is a critical element in the financing of clean energy projects and represents a major opportunity for corporations to invest in the future of energy in the U.S.”