Independent power producer (IPP) CleanCapital announced the acquisition of distributed generation assets totaling over 27 MW of solar capacity and 25 MWh of battery storage in Massachusetts and California.Ā
Acquired from Pacifico Energy, the portfolio includes two Massachusetts SMART solar and energy storage assets and four behind-the-meter (BTM) solar and energy storage assets in California. Ā
The energy these assets produce is distributed to local energy subscribers through the MA Smart program and Power Purchase Agreements (PPAs) with municipalities, universities, schools, hospitals, and C&I offtakers.Ā
The portfolio strengthens CleanCapitalās position as a leader in grid modernization and flexible energy solutions.Ā
āThe acquisition of this portfolio marks a significant milestone for CleanCapital as we continue to expand our footprint in key U.S. markets and deepen our investment into middle market distributed generation,ā said Julia Bell, Chief Investment Officer at CleanCapital, in a statement. āThis not only strengthens our presence in Massachusetts and California, but also further diversifies our assets while deepening our capabilities in managing energy storage ā a critical grid-stabilizing asset to achieving energy security.āĀ
Read more here.Ā