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Stock impact report

CleanCapital nabs $300M in debt financing for portfolio growth [Yahoo! Finance]

Manulife Financial Corporation (MFC) 
Last manulife financial corporation earnings: 2/12 05:00 pm Check Earnings Report
US:NYSE Investor Relations: manulife.com/investor-relations
Company Research Source: Yahoo! Finance
Renewable energy developer CleanCapital announced on Monday it had secured $300 million in debt financing from France-based infrastructure investor Infranity. The debt financing, which closed through a holding company, will be used to expand CleanCapital's portfolio of solar and distributed storage assets within the United States, according to a Jan. 13 press release. CleanCapital has an asset portfolio that spans over 350 projects with over 500 megawatts of capacity. The release said the developer has invested over $1.5 billion in clean energy, to date, and is the second-largest owner of U.S. commercial and community solar assets, according to Wood Mackenzie CleanCapital Co-founder and CEO Thomas Byrne told ESG Dive that the renewable energy developer first began seeking a corporate debt facility over a year ago. Byrne said he believed this was the right form of financing to give the company “the bandwidth it needed, the time it needed to continue to build out its core busines Show less Read more
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