True Green Capital Management Acquires 64 MW of Solar Assets
Deal News | Apr 15, 2025 | PR Newswire Cision True Green Capital Management LLC
True Green Capital Management LLC (TGC), a specialized firm in renewable energy infrastructure, has expanded its solar energy portfolio by acquiring approximately 64 megawatts DC of operating solar assets. The acquisition was carried out through TGC's fourth fund from Ecofin US Renewables Infrastructure Trust PLC, a company listed on the London Stock Exchange. The assets consist of 62 projects spread across seven U.S. states and four power markets. These projects, which benefit from long-term Power Purchase Agreements (PPAs) and renewable energy credits, are similar to assets TGC has previously acquired and optimized. This acquisition increases TGC's current solar operations to over 600 megawatts. The transaction also highlights TGC’s strategic intent to strengthen its energy portfolio and position in the renewable market. A&O Shearman served as legal counsel in this acquisition.
Sectors
- Renewable Energy
- Infrastructure Investment
- Private Equity
Geography
- United States – TGC's acquired projects are located in multiple states within the U.S.
- United Kingdom – The seller, Ecofin US Renewables Infrastructure Trust PLC, is listed on the London Stock Exchange.
Industry
- Renewable Energy – The acquisition is related to solar power, a segment of the renewable energy industry.
- Infrastructure Investment – True Green Capital Management specializes in infrastructure investment within the renewable energy sector.
- Private Equity – The transaction involves a private equity firm's fund acquiring renewable energy assets.
Financials
- 64 MW – The total capacity of the solar assets acquired by TGC.
- Over 600 MW – The expanded total operating portfolio of TGC after the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| True Green Capital Management LLC | Acquirer | Company | A specialized renewable energy infrastructure investment firm. |
| Ecofin US Renewables Infrastructure Trust PLC | Vendor | Company | A London Stock Exchange listed company selling the solar assets. |
| A&O Shearman | Legal Advisor | Company | Provided legal counsel to TGC for the transaction. |
| Bo Wiegand | Partner and Co-Founder | Person | A partner at True Green Capital Management LLC. |
| Panos Ninios | Managing Partner and Co-Founder | Person | A managing partner at True Green Capital Management LLC. |