CleanChoice Energy, a Washington, DC-based cleantech company that empowers people and businesses to access climate solutions, received an investment from True Green Capital Management.
The amount of the deal – expected to close in the next 60 to 90 days – was not disclosed. TGC will maintain the CleanChoice brand and team and invest an additional $100m of capital into developing, acquiring, owning, and operating CleanChoice solar projects.
Led by Tom Matzzie, CEO, CleanChoice is an independent green gen-tailer, operating at both ends of the value chain by owning solar generation assets and selling renewable energy to customers in multiple competitive markets across the US. The company currently has a development portfolio of over 300 MW in various stages of development and is actively pursuing acquisition and co-development opportunities across its territories of focus. The deal will expand TGC’s footprint to include solar power generation in sixteen US states, including Pennsylvania and Ohio, along with approximately 215,000 residential customers. The initial focus will be in the ISO-NE, NYISO, and PJM markets. CleanChoice’s next five years will be focused on developing, constructing, and operating its project portfolio and providing more consumers with easy, convenient, 100% pollution free energy.
FinSMEs
01/05/2023