CleanCapital, a fully integrated clean energy company, has announced a new solar development partnership with Arena Renewables, a community and distributed solar and storage developer founded in 2023. This collaboration aims to significantly advance solar energy development across the United States, focusing on expanding the clean energy ecosystem in key markets like Illinois and Maryland.
Under the terms of the agreement, CleanCapital and Arena Renewables will collaborate on financing and developing a substantial portfolio of distributed solar projects. These projects will primarily target community solar initiatives and corporate offtake opportunities. Arena Renewables will leverage its expertise in delivering solar and storage development projects, aiming to provide clean energy access and cost savings to utility customers. CleanCapital will support Arena Renewables’ growth by providing a mix of debt and equity financing, utilizing its advanced diligence process to accelerate project development, and maintaining ownership and operation of the projects long-term.
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