Finance ROUND-UP: CleanCapital’s US$300m, Fotowatio’s loan, Soltage’s 200MW push

Facebook
Twitter
LinkedIn
Reddit
Email
The acquisition of KDC Solar's 75.2MW 'Olympic' assets takes CleanCapital's solar portfolio to 180MW (Credit: CleanCapital)

BlackRock-backed CleanCapital bags funding, 75.2MW purchase

18 July: Small-scale PV firm CleanCapital has reaped a multi-million debt package even as its portfolio witnessed its biggest purchase to date.

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 firm, backed since this year by BlackRock, now owns 180MW of US solar assets after taking over the 75.2MW 'Olympic' portfolio of up-and-running New Jersey PV projects.

The 15 PV schemes, previously owned by C&I player KDC Solar, launched operations between 2011 and 2016. Individual capacity figures range between 157kW and 10MW.

The New Jersey foray, backed by a US$250 million fund co-managed by CarVal Investors, came as CleanCapital bagged a separate US$300 million in debt.

The package supplied by Credit Suisse was a so-called warehouse facility, where loans are secured against physical goods and materials. 

CleanCapital’s acquisition moves come four months after BlackRock – the world’s biggest asset manager – promised to help fund the firm’s expansion as it took a stake.

ING leads financing support to Fotowatio’s 67.8MW Aussie project

18 July: A 67.8MW, PPA-backed project by Fotowatio Renewable Ventures (FRV) in Australia has secured financial backing from top banks.

The Goonumbla scheme in New South Wales (NSW) has received a debt package from Dutch financier ING and German peer DZ Bank, with the former acting as transaction lead.

The financing milestone comes as FRV works to take the 195GWh-a-year plant to commercial operation by 2020, creating 150 construction jobs in the process.

Goonumbla, supported via a PPA with utility Snowy Hydro, is the latest for the US$700 million PV portfolio FRV has developed in Australia to date.

PPA-backed projects of note so far include 100MW Clare and 100MW Lilyvale in Queensland, as well as Victoria’s 85MW Winton and NSW’s 56MW Moree.

Soltage turns to former investor partner for 200MW US solar venture

18 July: Soltage has joined forces with an existing financing partner to deploy a new 200MW US solar pipeline, now also setting its sights on energy storage.

The IPP will fund deployment via venture Helios Power with the support of fund manager Basalt, which was also the backer for an earlier joint vehicle known as Hyperion Power.

According to Soltage, Helios will repeat the investment rationale of Hyperion, which was used to fund 135MW worth of C&I installations as well as distributed utility-scale solar assets.

Helios, the IPP added, will however expand its scope to also invest in energy storage projects, both as standalone and in combination with solar.

Solar loan specialist and bank team up to back US domestic solar

18 July: Dividend Finance and KeyBank have sealed a partnership to help promote the roll-out of residential solar across 35 states.

The solar loan specialist and bank have launched a scheme they say will make it easier for homeowners to invest in solar systems.

The initiative will strive to leverage the financial firepower of KeyBank, which so far has solely focused on commercial installations as it poured US$3.3 billion into renewables.

For its part, Dividend Finance will help the scheme reach out to more customers by tapping into the network of US households it has lent to so far.

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.
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

October 8, 2025
Australia's NEM achieved a new minimum operational demand record of 9,666MW, marking a 4% decrease from the previous record.
October 8, 2025
Frontier Energy plans to expand its Waroona Renewable Energy Project into a renewable energy precinct by 2031, targeting up to 1GW solar.
October 7, 2025
Solar PV will account for almost 80% of the 4.6TW of new renewable power expected to be added by 2030, according to the International Energy Agency (IEA).
October 7, 2025
Doral Renewables has secured a PPA with an unnamed 'corporate buyer' for its 430MW Cold Creek solar-plus-storage project in Texas.
October 7, 2025
US independent power producer (IPP) Arevon has begun operations at two utility-scale solar projects in Indiana.
October 7, 2025
Rystad Energy has said that Queensland’s utility-solar assets were the best-performing solar PV power plants in September 2025.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK