ClearGen and Davis Hill invest US$150 million in US community and commercial solar

Facebook
Twitter
LinkedIn
Reddit
Email
davis hill development
Davis Hill Development currently has an operational portfolio of 60MW of C&I solar capacity. Image: Davis Hill Development / Montgomery County Green Bank

US financier ClearGen Holdings has entered into a US$150 million partnership with distributed solar developer Davis Hill Development to build 245MW of community and commercial solar projects in the north-east and mid-Atlantic regions of the US.

Construction of the portfolio is already underway, with the companies expecting a 292kW rooftop system, built on a warehouse building in Washington, DC, to be operational by the end of this year. The project will use LONGi’s Hi-MO 5 panels, bifacial modules with an output of 545W.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The ClearGen investment will boost Davis Hill Development’s portfolio, which currently stands at 60MW of commercial and industrial (C&I) scale capacity across 15 US states. The companies said that the partnership will seek to deliver “long-term economic and environmental value” while improving access to community solar projects.

“This partnership gives us the committed capital to confidently execute our growing pipeline,” added Davis Hill Development CEO Matt Coleman.

The community solar sector has gone from strength to strength in recent years in the US, with a record 1.7GW of new capacity additions in 2024. Much of this growth has been concentrated in the north-east, where Davis Hill Development is based; earlier this year, the state of New Jersey announced plans to add 3GW of new community solar capacity over the next four years.

Aspen Power completes deal for 13.9MW community solar portfolio

In other US community solar news, US distributed generation platform Aspen Power has acquired two community solar projects in Illinois, with a combined capacity of 13.9MW, from Greenwood Sustainable Infrastructure.

The two projects, in Grafton and Rochester, are currently under construction, and will operate as what Aspen calls “community solar gardens,” for local residents and businesses who can subscribe to the projects to receive electricity at a discounted price.

The Grafton and Rochester projects form part of a larger portfolio of projects in both Illinois and New York state. While Aspen Power did not discuss details of the larger portfolio, it noted that the other sites in the portfolio are “nearing final completion”, and that no deal has been completed for them yet.

“Solar is the cheapest form of power available to Americans of all income levels,” said Aspen CEO Jorge Vargas. “By supporting the state’s ambitious renewable energy goals, we are helping to decarbonise the grid while delivering lasting economic and environmental benefits to local communities.”

Aspen also announced the closure of a tax equity facility with Monarch Private Capital to support the development of solar portfolios across the states of Illinois, New York and Pennsylvania. The deal brings the company’s total tax equity commitments secured in the first eight months of the year to US$66 million, and Aspen CFO Bill DeLong described the support of tax equity partnerships as “essential” to realising the company’s ambitions.

PV Tech publisher Solar Media will host the 12th edition of the Solar & Storage Finance USA event on 21-22 October 2025 in New York. Panellists will discuss the fate of US solar and storage in a post-subsidy world, the evolving economics of standalone BESS and de-risking solar and storage supply chains. Book your tickets for the event on the official website.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.
16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

September 8, 2025
Elmya Energy and Atlantica have formed a joint venture to develop 4GW of utility-scale renewable energy projects in the US. 
September 8, 2025
Vaisala has launched a new hail alert system aimed at solar operators grappling with an increasingly costly problem for PV installations.
September 5, 2025
US solar tracker manufacturer Nextracker has launched a new electrical balance of systems (eBOS) trunk connector.
September 5, 2025
During a week of major US clean energy developments, ContourGlobal, PSE, Arevon, and Ameren Missouri advanced solar projects across four states in the US.
September 5, 2025
Newly formed firm Solaris Assets has acquired the business operations and assets of Texas-based residential solar installer Sunnova.
September 5, 2025
US solar tracker manufacturer Array Technologies has announced that two of its tracking systems are compatible with 2,000V solar systems.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines