CleanCapital completes acquisition of 34.5 MW solar photovoltaic portfolio in New Jersey

CleanCapital has completed the acquisition of a 34.5 MW solar photovoltaic facility located in New Jersey, USA. 

The projects, each of which commenced operations in 2019, serve various commercial & industrial (C&I) off-takers including the Six Flags theme park, a manufacturing facility, the CentraState medical system, and the Borough of Carlstadt. 

The transaction is the latest in a series of investments made since CleanCapital announced a US$300 million commitment from Manulife in April 2021. The New Jersey portfolio comprises 4 projects ranging in size from 1.6 MW to 23.4 MW – bringing CleanCapital's investments in clean energy projects to more than 400 MW.

CleanCapital engaged Orrick, Herrington & Sutcliffe LLP as Buyer's counsel on this deal.