CleanCapital brings in futher USD 500m from Manulife

• CleanCapital, a US-based company with a focus on middle-market solar as well as storage space, on Wednesday stated it has safeguarded an additional commitment of approximately USD 500 million (EUR 467m) from Manulife Investment Management, part of Canadian international financial services company Manulife Financial Corp (TSE: MFC).

CleanCapital gets a 2nd shot of annual report resources from Manulife Investment Management after the effective implementation of the latter's initial USD-300-million investment, revealed in 2021, the clean energy company discussed.

CleanCapital likewise stated it has surpassed the deployment of USD 1 billion to fund operating, new construction and also early-stage advancement solar and also storage space assets. It has a profile of greater than 200 distributed generation projects completing 400 MW across the United States, in addition to business investments in renewable energy project designers.

CleanCapital will certainly utilize the new commitment to money early-stage solar and storage space growth, acquire renewable resource assets as well as increase partnerships.

"We watch the CleanCapital group as blazing a trail in the distributed generation solar area and also look forward to sustaining the business as it continues to grow its asset base as well as reach throughout the US," claimed Recep Kendircioglu, international head of infrastructure, Manulife Investment Management.