CleanChoice Energy Secured $166 Million for Solar Projects
The company obtained project financing and tax equity to develop two new solar sites in New York and Pennsylvania.
Updated on Oct. 1, 2026 in Utilities
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CleanChoice Energy has secured over $166 million in financing and tax equity to construct two solar projects. These facilities will add more than 50MWdc to the company's operating portfolio.
Why it matters
This significant capital injection supports the expansion of renewable energy capacity in the Northeast. Upon completion, the projects are projected to generate enough power for 10,000 homes.
The funding includes a $105 million construction loan facility provided by Investec Bank and $61 million in tax equity from Advantage Capital. The Dolan and Kylertown projects are set to provide 27MWdc and 28MWdc of capacity respectively.
The players
CleanChoice Energy
This renewable energy company focuses on providing clean energy solutions to residential and commercial customers.
Investec Bank
This international banking and wealth management group offers financial services including project and construction loan facilities.
Advantage Capital
This investment firm provides capital to businesses, including tax equity support for renewable energy development projects.
The details
The portfolio financing was supported by BHI and Stifel Bank, which acted as coordinating lead arrangers for the debt. Legal advisory support for the transaction was provided by Sidley Austin LLP and Husch Blackwell.
Timeline
CleanChoice Energy announced the financing closure on October 1, 2026.
The solar projects are expected to achieve commercial operation in 2027.
Market Landscape
This deal underscores the continued influx of private debt and tax equity into utility-scale solar development. It highlights a broader industry shift where developers increasingly rely on diverse financial arrangements to meet ambitious renewable energy targets.
The expansion of these solar projects aims to increase renewable energy availability for residential consumers. While the financing does not immediately change retail prices, it contributes to the long-term infrastructure required for greener utility service.
The takeaway
Large-scale renewable projects require complex multi-party financial structures to reach the construction phase. Investors and stakeholders should monitor how these 2027 operational targets impact the broader regional energy supply.
Further reading
Learn more about the infrastructure shifts in the sector at Utilities.
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