Catalina Energy Capital, an investment bank specializing in renewable energy, officially launched its operations on December 2, 2024. Led by energy finance expert Dan Rittenhouse, the company stands out for its flexibility and innovative approach to raising capital for projects and companies in the sector.
The launch is marked by three significant transactions. Catalina advised SolarStone Ltd. on the sale of a 500 MW solar and storage portfolio located in the Western U.S. Additionally, it organized a $130 million fundraising effort for Novel Energy Solutions, a Midwest-based developer backed by a $40 billion asset manager. Finally, the company closed a combined equity and debt financing for Solar Collective, a developer specializing in commercial and industrial solar installations, in partnership with the family office Current Equity Partners.
An agile approach in a rapidly evolving sector
Catalina Energy Capital operates across various capital markets, including debt and equity financing, mergers and acquisitions (M&A), physical climate tech, and tax credits. “No deal is too large or too small for us,” says Dan Rittenhouse. This agility, coupled with an experienced team, allows Catalina to respond effectively to client needs while reducing the costs associated with traditional banking services.
Unlike large institutions, often perceived as rigid and expensive, Catalina positions itself as an alternative player combining technical expertise with responsiveness. “We offer an accessible and efficient alternative thanks to our small but experienced team,” adds Rittenhouse.
Ambitious prospects for 2025
Catalina Energy Capital aims to advise on more than 4 GW of solar and storage assets by the end of 2024, a capacity sufficient to power nearly one million homes. Several additional transactions are planned for 2025, reinforcing the company’s position in the renewable energy market.
Dan Rittenhouse, who previously served as Head of Renewable Energy at Forest Road Company, has over a decade of experience in the sector. He has contributed to the financing of more than 10 GW of solar, wind, and storage assets, underscoring his key role in accelerating the global energy transition.
