CleanCapital Expands Operating Solar Portfolio With 23 Megawatt Acquisition From Kendall Sustainable Infrastructure, Secures Additional Equity Financing [Yahoo! Finance]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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Source: Yahoo! Finance
NEW YORK, December 17, 2024 BUSINESS WIRE CleanCapital , a leading independent power producer focused on distributed clean energy, announced today that it has acquired a portfolio of 40 assets totaling 22.7 megawatts (MW) from Kendall Sustainable Infrastructure (‘KSI') , one of the first established institutional owners of community solar projects. The acquisition marks a milestone for both companies and brings CleanCapital's portfolio of operating and under-construction assets to more than 240 projects totaling over 340 MW—among the largest commercial solar portfolios in the U.S., according to Wood Mackenzie. The sale concluded the lifecycle of KSI's first of three funds dedicated to the space. Additionally, Manulife Investment Management (Manulife IM), together with its leading institutional co-investors, has increased its equity investment in CleanCapital with a new tranche of funding totaling $145 million. The co-investors come in alongside Manulife IM as contemplated when Manu
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MFC
Earnings
- 11/6/24 - Beat
MFC
Sec Filings
- 12/5/24 - Form 6-K
- 12/4/24 - Form 6-K
- 11/21/24 - Form 6-K
- MFC's page on the SEC website