NEW YORK, April 20, 2021 /PRNewswire/ — CleanCapital, a leading clean energy investment platform and one of the largest owner-operators of distributed solar assets in the United States, announced today a corporate investment from Manulife Investment Management to grow its portfolio of clean energy assets. Manulife Investment Management’s commitment was sourced for the John Hancock Life Insurance Company (U.S.A.) balance sheet as well as third party managed accounts (collectively “Manulife”). CleanCapital will use the investment from Manulife to accelerate the energy transition—including operating solar, new build solar, and energy storage projects—beginning with two portfolios totaling 63 MW.
“There is unstoppable momentum to transition the global economy to clean energy. With the backing of Manulife, one of the world’s leading infrastructure investors, CleanCapital is poised to be a leader in that transition,” said Thomas Byrne, CEO of CleanCapital. “This balance sheet capital will provide CleanCapital with the ability to deliver a multitude of investment solutions to our partners in the clean energy middle market.”
“We are proud to partner with CleanCapital. Their sophisticated approach to distributed solar and storage is the perfect conduit for Manulife to continue to invest in this attractive and rapidly maturing market, while supporting the global transition to clean energy and a reduction in greenhouse gas emissions,” said Steve Blewitt, Head of Private…
