CleanCapital Acquires 22.7 MW, 40-Asset Solar Portfolio From Kendall Sustainable Infrastructure

Solar Capital Ltd. Acquires Majority Stake in Kingsbridge Holdings LLC

November 3, 2020

Financial Services

Solar Capital Ltd. acquired an 87.5% majority stake in Kingsbridge Holdings LLC on November 3, 2020, investing approximately $216 million (about $136 million of equity and $80 million of debt). The stake was purchased from TZP Capital Partners II, LP and affiliates with Kingsbridge management rolling a portion of their equity; the acquisition expands Solar Capital's specialty finance platform by adding lease origination and asset finance capabilities through Kingsbridge's equipment leasing business based in Lake Forest, Illinois.

Denham Capital Acquires Solops to Build Distributed Solar Platform

February 10, 2023

Renewable Energy

Denham Capital, via its Sustainable Infrastructure business, has acquired Solops, a U.S. developer, financier, and owner/operator of commercial and industrial photovoltaic projects, with an initial $200 million commitment to execute Solops' 800+ MW project pipeline. Denham intends to support a buy-and-build growth plan, positioning Solops as an independent power producer (IPP) to accelerate deployment of distributed generation solar across the United States.

38 Degrees North Raises Growth Capital from Climate Adaptive Infrastructure and Kimmeridge; Acquires U.S. Light Energy

July 17, 2025

Energy

38 Degrees North closed a growth equity investment from Climate Adaptive Infrastructure (CAI) and Kimmeridge, bringing total growth capital raised to over $230 million. The company also completed the acquisition of Kimmeridge-backed community solar developer U.S. Light Energy, adding a pipeline of more than 250 MW and deepening its distributed solar footprint.

ContourGlobal Acquires 151 MW Solar Portfolio from Sun Tribe Development

October 2, 2024

Renewable Energy

ContourGlobal (a KKR company) has acquired a 151 MWdc solar portfolio consisting of two late-stage projects in South Carolina from Sun Tribe Development. The assets, which have long-term PPAs and completed interconnection studies, mark ContourGlobal's entry into the U.S. renewables market with commercial operations planned in 2029.

Spruce Finance Acquires Clearway Energy's Residential Solar Portfolio (53 MW)

May 14, 2020

Renewable Energy

Spruce Finance acquired Clearway Energy's entire portfolio of residential rooftop solar assets, adding 53 MW and expanding Spruce's portfolio by roughly 20% to more than 250 MW. The deal supports Spruce's growth-by-acquisition strategy for distributed generation residential solar in the U.S.; Energy Service Experts (Spruce's subsidiary) will provide transitional asset management services in partnership with NRG.

Aspen Power Acquires 20-Project Community Solar Portfolio in Illinois

May 1, 2024

Renewable Energy

Aspen Power announced it will acquire a portfolio of 20 community solar projects (up to 19 MW), primarily located in Illinois, partnering with a developer and working with Common Energy to subscribe and manage the projects. The acquisition expands Aspen Power's distributed generation footprint and increases access to community solar for residential and low- and moderate-income customers in Illinois.