M&A Deal Summary

CleanCapital Acquires Soltage - 7 Operating Solar Assets

On January 22, 2019, private equity firm CleanCapital acquired renewable energy company Soltage - 7 Operating Solar Assets from Soltage

Acquisition Highlights
  • This is CleanCapital’s 5th transaction in the Renewable Energy sector.
  • This is CleanCapital’s 4th transaction in the United States.
  • This is CleanCapital’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2019-01-22
Target Soltage - 7 Operating Solar Assets
Sector Renewable Energy
Buyer(s) CleanCapital
Sellers(s) Soltage
Deal Type Divestiture

Target

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.

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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 5 of 10
Sector (Renewable Energy) 5 of 9
Type (Divestiture) 4 of 7
State (New Jersey) 1 of 2
Country (United States) 4 of 8
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-08 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 KDC Solar - 75.2 Megawatt Solar Portfolio

Bedminster, New Jersey, United States

KDC Solar's 75.2 Megawatt Solar Portfolio comprises The 15 operating solar assets, which entered commercial operation between 2011 and 2016, average 5 MW and range in size from 157 kW to 10 MW. KDC Solar's 75.2 Megawatt Solar Portfolio is based in Bedminster, New Jersey.

Buy -

Seller(S) 1

SELLER

Soltage

Jersey, New Jersey, United States
Category Company
Founded 2005
Sector Renewable Energy
DESCRIPTION

Soltage is an operator of a full-service renewable energy company that develops and operates solar energy stations on client structures by using proven technology and on-site electric generation. Soltage was founded in 2005 and is based in Jersey, New Jersey.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
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