Our Next Chapter
"We are proud to partner with CleanCapital. Their sophisticated approach to distributed solar and storage is the perfect conduit for Manulife to continue to invest in this attractive and rapidly maturing market, while supporting the global transition to clean energy and a reduction in greenhouse gas emissions."
– Steve Blewitt, Head of Private Markets, Manulife Investment Management
A New Partnership
We recently announced the closing of a significant capital raise: a balance sheet investment of $300 million in equity from Manulife Investment Management. Manulife's commitment was sourced for the John Hancock Life Insurance Company balance sheet as well as third party managed accounts. CleanCapital and John Hancock have a long-standing relationship that dates back to the company’s first significant solar acquisition in 2016.
This investment through a corporate structure is best aligned with the abundant market opportunities in distributed generation (DG) solar and storage.
And it is a natural continuation of what CleanCapital has successfully done to date, but better suited to the maturing nature of the C&I opportunity set.
By the end of the deployment period, we will have built a diversified portfolio—by geography, off-take, risk, return, & equipment—of new build solar, operating solar, and energy storage assets across the U.S.
The Evolution of CleanCapital
CleanCapital crowdfunded its first portfolio. Since then, we’ve been privileged to work with some of the most esteemed investors in this space, including BlackRock and CarVal Investors. The capital and credibility of those investors laid the foundation for this next chapter in our company’s evolution.
Jon Powers – President of CleanCapital and host of Experts Only Podcast Thomas Byrne – CEO of CleanCapital
Backing From a Trusted Partner
When it was time to hit the market and identify the right institution to partner with, Manulife / John Hancock—given our past business relationship and the trust that we've built over the years—was at the top of the list. They are a blue-chip investor with a sterling reputation who shares our bullish view of the opportunities on the horizon.
Long-Term, Flexible Capital for Leading Developers
This investment means we are now able to offer our development partners the full suite of investment capabilities that they need to flourish in the clean energy middle market.
“As the distributed solar sector consolidates, CleanCapital’s capabilities with robust, competitively-priced capital positions them to be a market leader.”
– Jason Segal, Managing Partner of Javelin Capital
The Experts Only Podcast
Industry leaders share their personal journeys along with the most pressing problems and promising developments in clean energy, climate, and finance.