Generate Capital is partnering with Clean Capital to provide an aggregation facility designed to acquire operating C&I solar PV assets with high credit quality school districts and other similarly preferred off-takers. Generate will acquire approved portfolios at a double-digit, pre-tax, levered return. Once de-risked, Clean Capital will market equity interests in the portfolios to its universe of private investors at a lower cost of capital. The sell down acquisitions are expected to create an uplift in returns to Generate.
- $21.5M initial investment
- 13% levered after-tax IRR
- 6-year payback
- $150M contracted pipeline
