CleanChoice Energy Secured $166 Million for Solar Projects
The funding will support two new solar installations in New York and Pennsylvania to expand energy capacity.
Updated on Oct. 1, 2026 in Utilities
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CleanChoice Energy has secured $166 million in total project financing and tax equity to build two new solar sites. The Dolan and Kylertown solar projects will add over 50MWdc of total capacity to the company's operating portfolio upon completion.
Why it matters
The financing package utilizes a combination of construction loans and tax equity to scale renewable energy infrastructure. This deployment highlights current capital structures being used to bridge the gap between initial development and long-term commercial operations.
CleanChoice Energy secured $166 million in financing, comprising a $105 million construction loan facility and $61 million in tax equity. The projects, spanning 55MWdc in total capacity, are projected to power 10,000 homes.
The players
CleanChoice Energy
A renewable energy company focused on developing and operating solar projects for residential and commercial markets.
Investec Bank
An international banking and wealth management firm that provides specialized construction financing for renewable energy assets.
Advantage Capital
An investment firm that provides capital for community development and renewable energy tax equity.
The details
The capital structure includes a $105 million construction loan led by Investec Bank and $61 million in tax equity provided by Advantage Capital. The funds cover the development of the 27MWdc Dolan project in New York and the 28MWdc Kylertown project in Pennsylvania. Debt financing was coordinated by lead arrangers BHI and Stifel Bank, with legal advisory support from Sidley Austin LLP and Husch Blackwell.
Timeline
CleanChoice Energy announced the financing closure on October 1, 2026.
The projects are expected to achieve commercial operation in 2027.
Market Landscape
This deal underscores the continued reliance on specialized tax equity and construction loan structures to fund regional renewable energy portfolios. It follows a broader industry trend where private capital leverages policy-backed incentives to secure utility-scale solar site development.
Operators should monitor these capital structures as benchmarks for regional energy infrastructure projects. Developers should review how lead arrangers like Investec and BHI are weighting construction risk versus tax equity to structure similar mid-market solar deals.
The takeaway
Large-scale utility projects increasingly rely on dual-layer financing models combining construction debt with structured tax equity. Operators should track the 2027 operational milestone to assess the efficiency of these specific capital arrangements in reaching project completion.
Further reading
For more on industry financing trends, visit the Utilities section.
Source note: This article includes information reported by The Manila times.
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