True Green Capital Management LLC Acquires 64 Megawatts of Operating Solar Assets

True Green Capital Management LLC ("TGC"), a specialized renewable energy infrastructure investment firm, acquired through its fourth fund on March 10, 2025 approximately 64 megawatts DC of operating solar assets from Ecofin US Renewables Infrastructure Trust PLC (London Stock Exchange Listed).

The acquisition consists of 62 geographically diversified projects located across seven states and four power markets. The states include New Jersey, California, Massachusetts, Minnesota, Virginia, and Delaware while the power markets include PJM, CAISO, ISO-NE, and MISO. The projects benefit from long-term PPAs as well as various renewable energy credits.

"These projects are substantially similar to the distributed assets in our prior TGC funds which were acquired then optimized into an institutional-caliber portfolio. Our in-house technical capabilities, track record and familiarity with these types of projects places TGC in a strong position with respect to value creation," said Bo Wiegand, Partner and Co-Founder of TGC.

"This acquisition increases TGC's current distributed solar operating portfolio to over 600 megawatts. With this transaction we demonstrated our Firm's capabilities to take operating assets private. We look forward to supplementing these assets with future operating portfolio acquisitions," said Panos Ninios, Managing Partner and Co-Founder of TGC.

A&O Shearman served as legal counsel to TGC.

True Green Capital Management LLC | https://truegreencapital.com/