M&A Deal Summary

CleanCapital Acquires Ahana Renewables - The Tahoe Solar Portfolio

On November 8, 2018, private equity firm CleanCapital acquired renewable energy company Ahana Renewables - The Tahoe Solar Portfolio from Ahana Renewables

Acquisition Highlights
  • This is CleanCapital’s 4th transaction in the Renewable Energy sector.
  • This is CleanCapital’s 3rd transaction in the United States.
  • This is CleanCapital’s 1st transaction in California.

M&A Deal Summary

Date 2018-11-08
Target Ahana Renewables - The Tahoe Solar Portfolio
Sector Renewable Energy
Buyer(s) CleanCapital
Sellers(s) Ahana Renewables
Deal Type Divestiture

Target

Ahana Renewables - The Tahoe Solar Portfolio

San Francisco, California, United States
Ahana Renewables' The Tahoe Solar Portfolio is a 47-megawatt portfolio of operating solar projects, Tahoe is an independent C&I- and municipal-focused solar portfolios in the U.S. The Tahoe portfolio consists of 60 projects totaling 46.9 megawatts of operating solar. Ahana Renewables' The Tahoe Solar Portfolio is based in San Francisco, California.

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Buyer(S) 1

Buyer

CleanCapital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

CleanCapital is a private investment firm focused on direct investment opportunities in clean energy generation and storage. CleanCapital was established in 2015 and is headquartered in New York City.


DEAL STATS #
Overall 4 of 10
Sector (Renewable Energy) 4 of 9
Type (Divestiture) 3 of 7
State (California) 1 of 2
Country (United States) 3 of 8
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-31 G&S Solar - The Mammoth Solar Portfolio

Massachusetts, United States

G&S Solar's The Mammoth Solar Portfolio is a 10-megawatt portfolio of operating solar projects, Mammoth consists of two assets in Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 Soltage - 7 Operating Solar Assets

Jersey City, New Jersey, United States

Soltage's 7 Operating Solar Assets is a 16.5-megawatt portfolio consisting of seven operating solar projects which entered commercial operation between December 2013 to January 2016, average 2.4 MW, and range in size from 772 kW to 5.6 MW.

Buy -

Seller(S) 1

SELLER

Ahana Renewables

San Francisco, California, United States

Category Company
Founded 2009
Sector Financial Services
DESCRIPTION

Ahana Renewables LLC is a specialized investment firm focused on alternative energy and long-lived real assets.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1