Sunrock Distributed Generation (SDG), a leading developer and operator of commercial solar and storage projects, and CleanCapital, a fully integrated clean energy company, have announced a strategic partnership to expand their reach in the renewable energy sector. This collaboration will focus on developing, financing, and managing distributed generation assets in communities across the United States.
The partnership leverages Sunrock’s innovative underwriting system and technology platform to identify and develop high-quality solar and storage projects. Sunrock’s platform removes traditional barriers that have prevented smaller organizations from accessing funding for renewable energy initiatives. CleanCapital, with its recent $500 million investment commitment from Manulife Investment Management, brings substantial financial resources to the partnership. This investment reflects CleanCapital’s strong commitment to the clean energy sector and the growing interest in sustainable solutions within broader markets.
The partnership will enable Sunrock and CleanCapital to provide essential financial support to local businesses, public entities, and nonprofits, empowering them to transition to clean energy sources. These projects will not only reduce energy costs and enhance grid resiliency but also significantly contribute to reducing carbon emissions in local communities.
Wilson Chang, CEO of Sunrock Distributed Generation, expressed enthusiasm about the partnership, stating that it will empower businesses and organizations that have historically been underserved by the finance industry to adopt renewable energy solutions. He emphasized the partnership’s commitment to making clean energy accessible and affordable for all.
Winston Chen, Senior Director, Investments & Capital Markets of CleanCapital, highlighted the significance of behind-the-meter solar assets in bringing clean energy directly to local communities. He underscored the importance of this partnership in accelerating the nation’s energy transition by combining Sunrock’s development expertise with CleanCapital’s financial strength.
The partnership is a testament to the growing momentum in the clean energy sector, with a shared vision to create a more sustainable future. By collaborating to develop and deploy distributed generation projects, Sunrock and CleanCapital are making a tangible impact on the energy landscape, ensuring a cleaner and more resilient future for communities across the US.
