True Green Capital Management Acquires Majority Stake in CleanChoice Energy
April 28, 2023
Funds managed by True Green Capital Management (TGC) agreed to acquire a majority ownership stake in CleanChoice Energy and will commit an additional $100 million to develop, acquire, own, and operate CleanChoice solar projects. The deal will combine CleanChoice's retail green energy platform and customer base (about 215,000 residential customers) with TGC's solar generation capabilities across multiple U.S. competitive markets, securing long-term access to power, capacity, and RECs to support growth.
- Buyers
- True Green Capital Management LLC
- Targets
- CleanChoice Energy
- Industry
- Energy
- Location
- District of Columbia, United States
- Transaction Type
- Buyout
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