Sunrock Distributed Generation (SDG) and CleanCapital have entered into a partnership to develop, finance and manage ongoing portfolios of distributed generation assets in local communities throughout the U.S.
The solar and storage projects deployed in this partnership will be originated and developed using Sunrock’s underwriting system and technology platform. Sunrock’s platform removes pre-existing barriers that have prevented many organizations from accessing funding for renewable energy projects.
Last year, CleanCapital secured an additional commitment of up to $500 million from Manulife Investment Management to bolster its capacity to invest in solar and storage development and expand its partnerships in new markets.
Wilson Chang, CEO of Sunrock Distributed Generation, comments: “Our partnership with CleanCapital, will enable us to help many more local businesses, public entities, and nonprofits – groups that have historically been overlooked and underserved by the finance industry – to transform their operations with renewable energy solutions.”