The six acquired solar and energy storage assets in Massachusetts and California total to 27.3 MW solar and 25.2 MWh storage.
CleanCapital, a leading independent power producer focused on distributed clean energy, today announced the successful acquisition of a portfolio of distributed generation assets totaling over 27 MW of solar capacity and 25 MWh of battery storage across Massachusetts and California. This acquisition marks the continued expansion of CleanCapital’s operating asset base within key markets that are driving forward American energy dominance.
This portfolio, acquired from Pacifico Energy, comprises two Massachusetts SMART solar and energy storage assets and four behind-the-meter (BTM) solar and energy storage assets located in California. The energy generated from these assets is supplied to local energy subscribers through the MA SMART program and Power Purchase Agreements (PPAs) with MUSH and C&I offtakers. The portfolio includes cutting-edge battery energy storage systems (BESS), positioning CleanCapital at the forefront of grid modernization and flexible energy solutions as energy demand continues to rise.
“The acquisition of this portfolio marks a significant milestone for CleanCapital as we continue to expand our footprint in key U.S. markets and deepen our investment into middle market distributed generation,” said Julia Bell, Chief Investment Officer at CleanCapital. “This not only strengthens our presence in Massachusetts and California, but also further diversifies our assets while deepening our capabilities in managing energy storage – a critical grid-stabilizing asset to achieving energy security.”
“This transaction highlights Pacifico Energy’s focus on creating and monetizing high-quality distributed generation assets that align with the growing demand for scalable, resilient infrastructure. The portfolio’s strong fundamentals demonstrate the value of distributed energy as a compelling asset class for investors seeking long-term exposure to the energy transition,” stated Leon Persaud, Managing Director, Pacifico Energy Group.
The electricity demand in the U.S. is forecasted to rise as much as 25% by 2030 – driven by electrification, data center expansion, and growth of artificial intelligence technologies. This latest investment marks a strategic expansion of CleanCapital’s operating solar and energy storage capabilities. CleanCapital remains mission-driven, focused on delivering clean megawatts to the grid and meeting the growing energy needs of consumers and businesses – supporting the American energy dominance agenda.
Marathon Capital acted as advisor to Pacifico Energy LLC (f/k/a Pacifico Power LLC) on the sale of this co-located solar and storage portfolio.
